Golden Tulip Takes Over Golden Tulip Accra
Ghana's Capital and Largest City
AMERSFOORT, NL, May 17, 2006. Golden Tulip Hospitality is proud to announce the signing of a management agreement for Golden Tulip Accra effective as per July 2006. The Golden Tulip Accra is owned by GLAHCO Hotels & Tourism Development Company Ltd. and has been with Golden Tulip under a franchise agreement since 1992.
Golden Tulip Accra is a first class African Style Business Hotel with 234 superior guestrooms and centrally located in the developing business district of Accra. The hotel is set in spacious grounds with surrounding tropical gardens ideal for both business and leisure guests. The hotel offers various business and relaxation facilities such as a Piano Lounge, the "Ahengua Grill" an a la carte restaurant, pool bar, meeting rooms for up to 300 delegates and a casino.
Mr. Ernest Asamoah, Executive Director of GLAHCO Hotels & Tourism Development Company Ltd. comments: "We are delighted to sign a management agreement with Golden Tulip Hospitality Management. In today's climate, there is a strong need for rationalizing hotel operations and with the international recognition of Golden Tulip, I feel the Golden Tulip will be in a good hands to continue delivering positive returns and subsequently increase its property value:"
Hans Kennedie, Managing Director & CEO of Golden Tulip Hospitality, adds: "We are extremely pleased with the addition of Golden Tulip Accra to our Hotel Management portfolio. This hotel has been with Golden Tulip under a franchise agreement for over 14 years and we look forward in implementing our management formula to continue to position itself highly in the hospitality world."
Golden Tulip's portfolio in the African Continent comprises of 10 hotels in Egypt, Morocco, Ghana, Tanzania and Tunisia.
About GLAHCO Hotels & Tourism Development Company Limited
GLAHCO Hotels and Tourism Development Company is a subsidiary of Ghana Libyan Arab Holding Company a joint venture between the Governments of Ghana and Libya. The joint investment has other investments in agro business and real estate in Ghana.
GLAHCO Hotels & Tourism Development Company Limited owns Golden Tulip Accra and has since 1992 collaborated with Golden Tulip to operate the highly successful Golden Tulip Accra.
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 
