Apr 30 2008
Golden Tulip To Open 40 Hotels in South East Asia in 4 Years
Golden Tulip, a Switzerland-based hospitality group, has announced big expansion plans.
With over 900 hotels in their portfolio, the Golden Tulip Group is looking to strengthen their presence across all of South East Asia with the opening of 40 new hotels over the next 4 years.
“Our strategy is to develop economy business hotels in capital cities in Southeast Asia and our four- and five-star brands, Royal Tulip and Golden Tulip Resorts, in resort areas. We are proud to be a multi-brand hospitality company,” said President and CEO Mr Hans WR Kennedie.
10 Asian countries are slated for numerous hotels, most of which are under active negotiation. Thailand, Cambodia, Singapore, Vietnam, Indonesia, and others are the list.
“Our expansion in Southeast Asia will be achieved through the management and leasing of individual hotels, alliances, joint ventures, and the merging and acquisition of existing hotel groups. We’re setting up a hotel property investment fund to finance future projects,” said Mr Hans WR Kennedie.
Thailand alone is to have 15 new properties, all within the 4 to 5 star class rating.
