Golden Tulip opens five hotels in Israel

31st May 2006

Golden Tulip Hospitality and Fattal Hotel Management have announced the signing of five franchise agreements. All five hotels will be operated by Fattal Hotels and franchised by Golden Tulip.

The hotels are: Golden Tulip Tiberias - Tiberias Golden Tulip Ashkelon - Ashkelon Golden Tulip Negev - Negev Tulip Inn Sea of Galilee - Sea of Galilee Tulip Inn Dead Sea - Ein Bokek

Currently Golden Tulip’s portfolio in Israel comprises of nine hotels located in; Jerusalem, Eilat, Tiberias, Ashkelon, Ein Bokek, Be’er Sheva and the Sea of Galilee.

Mr David Fattal, owner of Fattal Hotel Management Group comments: “I am delighted with the addition of these three Golden Tulips and two Tulip Inns to the Israeli hotel landscape. Golden Tulip Hospitality has been an excellent franchise partner since 1999 and we look forward to continuing our partnership for many years to come.”

Mr Hans Kennedie, President & CEO of Golden Tulip Hospitality Group, adds: “It gives me great pleasure to welcome these hotels into our family. Golden Tulip aims to offer both three and four star category services in prime locations to meet the local demand and with these additions we are a step closer to reaching our goals. Golden Tulip Hospitality Group already franchises three Golden Tulips and one Tulip Inn in Israel. Fattal Hotels is a renowned company in the Israeli hospitality industry and the combination with Golden Tulip has given these existing hotels added value in the international market place. I am confident it will do so as well for the new three Golden Tulips and two Tulip Inns.”



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