Golden Tulip Expands in Romania
FEBRUARY 20, 2007. Golden Tulip Hospitality announces the signing of a franchise agreement for the Tulip Inn Sunny Hill in Cluj Napoca, Romania. The Agreement enters into effect April 1st 2007.
The Tulip Inn Sunny Hill is the first hotel flagging the Tulip Inn brand outside the capital of Romania, in the Transylvanian city of Cluj Napoca which has one of the highest economical growth rates.
The newly built Tulip Inn Sunny Hill opened its doors in December, after an approx. EUR 5 M investment. In the near future, the hotel will expand through the addition of another building adding 50 extra rooms to the hotel (investment estimated at EUR 3.9 million).
The agreement signing ceremony and press conference took place Cluj Napoca and included the attendance of among others; Mr. Haike Blaauw, Vice-President Commercial Services of Golden Tulip Hospitality, Ms. Rodica Tusa, owner of the Tulip Inn Sunny Hill and Mr. Paul Marasoiu, Area Director Romania, Bulgaria & Moldova of Golden Tulip Hotels, Inns & Resorts.
Hans Kennedie, President and C.E.O. of Golden Tulip Hospitality states: 'We are proud to add the Tulip Inn Sunny Hill to our family of Golden Tulip Hotels, Inns & Resorts. Our expansion efforts in Eastern Europe are showing good returns, we have welcomed five hotels in Romania and entered new markets like Bulgaria and Armenia in the past two years. We are looking towards developing hotels (both under franchise and management) in more destinations in this growing region in the near future'
Rodica Tusa, owner of Tulip Inn Sunny Hill declares: 'Our decision to become an affiliate of the internationally appreciated Golden Tulip hotel chain came after a thorough analysis of franchise proposals from various world leading chains. We found that Golden Tulip's offer guarantees us the best return on investment and the most suitable concept for our property. We look with great confidence to the future of the Tulip Inn brand, while we are planning to expand the hotel with 50 extra rooms and additional facilities in the near future, paying the same attention to quality, design and guest care.'
Paul Marasoiu, Area Director Romania, Bulgaria & Moldova of Golden Tulip adds: 'It is a great satisfaction that we expand towards the countryside, in Cluj Napoca, the city with the highest rates of increasing hotel and business investments. The recently-built Tulip Inn Sunny Hill, with its refined design and full compliance with the international standards, promises to become soon a new professional landmark on the local hotel market.'
In the Eastern European region, Golden Tulip's current hotel portfolio consists of 11 hotels with over 1350 rooms in Romania (5), Czech Republic (2), Croatia (1), Bulgaria (1), Hungary (1) and Armenia (1).
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