Gold Tulip Builds Bucharest Hotel
THE NETHERLANDS, March 28, 2006. The first Golden Tulip-branded hotel will be opened this August in Prahova Valley (north of Bucharest), Ziarul financiar daily reports on Monday.
The Dutch hotel chain is present in Romania in a franchise system only. The hotel industry has witnessed solid growth on its four-star hotel segment in recent years as a reaction to the rising inflow of businesspeople coming to Romania.
Given the upcoming European Union integration, an increasing number of international companies are setting up branches on the domestic market.
Golden Tulip is present in Bucharest with four hotels.
In terms of the number of owned hotels, the main contender of the Dutch network will be Cendant chain, which is planning to open another three hotels under the Ramada brand in Bucharest, where it already holds a unit.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
