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Boaz Kamar CEO

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Eurotrade signs long-term agreement with Golden Tulip hotel chain
Monday, June 18, 2007

Eurotrade Real Estate International recently signed a long-term agreement with the global hotel chain Golden Tulip.

Mr. Hans Kennedie, President & C.E.O. of Golden Tulip Hospitality Group, states: "We have entered into a strategic agreement with EuroTrade in which EuroTrade will acquire hotels and Golden Tulip will operate them. We are very pleased that we have now concluded the first acquisition. This hotel complements our portfolio of 16 hotels in Germany and will trigger more acquisitions in near future in Europe, Asia and the United States".

Golden Tulip Hospitality Group with its head offices in Amersfoort, The Netherlands and Lausanne, Switzerland, is a worldwide hospitality company with more than 630 hotels, 58,000 rooms in more than 49 countries. The 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.


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