Released on: September 13, 2007, 1:06 am

Press Release Author: Golden Tulip Hotels, Inns and Resorts

Industry: Real Estate

Press Release Summary: Golden Tulip Hotels, Inns & Resorts proudly announces the
near opening of Golden Tulip Sharjah, located on the Buhairah Lagoon

Press Release Body: Sharjah (UAE) / Lausanne (CH) 11 September 2007; Golden Tulip
Hotels, Inns & Resorts proudly announces the near opening of Golden Tulip Sharjah,
located on the Buhairah Lagoon.

The new 5 star Hotel Suites comprises of 264 Suites and Hotel apartments, with major
meeting and banquet facilities. The hotel also has excellent recreation facilities
to include a Shopping Mall, Children's arcade and play zone, swimming pool,
gymnasium and health club and many more. 2 F&B outlets in addition to the many in
the mall give the guests a wide variety and many cuisines to choose from.

Hans W. R. Kennedie, President and C.E.O. of Golden Tulip Hospitality, explains: "We
are very proud to acquire this beautiful landmark in Sharjah, a city with great
heritage and a true family destination".

Amine E. Moukarzel, Senior Vice-President, Middle East & Africa, at Golden Tulip
Hospitality adds; "We thank our owners for having trusted in us such an opportunity.
With this addition we have become a major contributor to hospitality, business and
tourism in the UAE and Middle East in general".

Opening in October 2007, the Golden Tulip Sharjah has several room categories to
suite all its potential guests starting from 2 types of studios, 1, 2 & 3 bedroom
suites, all fully furnished and elegantly furnished to the tiniest detail to include
a fully equipped kitchen in every unit. The hotel also includes 3 executive floors
with a separate dedicated executive club lounge for the elite business travelers
seeking their privacy.

Strategically situated between the Far East and the West, Sharjah is a global trade
center. The third largest of the seven states that form the United Arab Emirates,
Sharjah (Al-Shariqa) probably has the most colorful history of all the Emirates.
Sharjah is a city of learning and the arts, and is home to more than 20 museums with
splendid collections of artifacts and art as well as exhibits on science and natural
history. Sharjah also host many cultural festivals, educational conferences, fairs
and economic expositions.

With the addition of the Golden Tulip Ajman the current hotel portfolio in the
Middle East & Africa comprises of 38 hotels with over 7000 rooms in Bahrain, Egypt,
Jordan, Oman, Saudi Arabia, Tunisia, United Arab Emirates and Yemen and aiming to
reach 50 hotels, inns & resorts by the year 2010.

About the Golden Tulip Hospitality Group
Golden Tulip Hospitality Group (www.goldentulip.com), with its head offices in
Amersfoort, The Netherlands and Lausanne, Switzerland, is a worldwide hospitality
company with more than 909 hotels, 81.000 rooms in more than 50 countries. The
Golden Tulip Hospitality Group franchises and manages hotels in Europe, the Middle
East & Africa, the Asian Pacific Region and the Americas. In 2006, Hotels Magazine
has ranked this company the 18th largest hotel chain.

As a multi-brand hospitality firm, the Golden Tulip Hospitality Group offers
services in the two, three, four and five star categories. On the two-star side
Golden Tulip has an alliance with the French B&B hotel chain. The three-star concept
is the Tulip Inn for the limited-service first-class category, the four-star
category falls under the Golden Tulip brand for the Superior First-Class business
and Resort hotels and the recently introduced five-star concept Royal Tulip. In
addition Golden Tulip offers its services through its commercial alliance with TOP
International, a German based hotel consortium.

In the fall of 2006, Golden Tulip introduced BRANCHE, Restaurant, Bar and Lounge.
This is a free standing restaurant chain, which will have establishments in most
Golden Tulip Hotels and Tulip Inns operated by Golden Tulip. (For more information
please visit www.brancherestaurants.com)

For more information, please contact:

Golden Tulip Hospitality Group
Ms. Rocio Manzanares -
Corporate Communication Manager
Tel: +31 33 2544 828
Fax: +31 33 2544 816
E-Mail: rocio.manzanares@goldentuliptop.com
Web: www.goldentulip.com

Web Site: http://http://www.goldentulip.com/pressroom/news.aspx?id=232

Contact Details: Ms. Rocio Manzanares -
Corporate Communication Manager
Tel: +31 33 2544 828
Fax: +31 33 2544 816
E-Mail: rocio.manzanares@goldentuliptop.com
Web: www.goldentulip.com