Golden Tulip Hotels, Inns & Resorts is proud to announce the signing of two additional new franchise contracts for the Golden Tulip Park Altis and the Golden Tulip Altis Suites, adding two new hotels with a total of 342 rooms to the groups' portfolio in Lisbon, Portugal.

The two new Golden Tulips are managed by Altis Hotels, who also own the 303-room Golden Tulip Altis, a Golden Tulip since 1980.

The Golden Tulip Park Altis is located between the airport and the city centre and offers 300 rooms and suites, a restaurant and bar, a modern auditorium, 11 meeting rooms, which can host events for up to 550 delegates, as well as extensive leisure facilities such as tennis, golf, swimming and a gym in a nearby leisure club.

The Golden Tulip Altis Suites is located next to the Golden Tulip Hotel Altis and offers 42 suites. The apartments are equipped to offer long-stay visitors all the comfort and luxury they will need. Guests can also benefit from the services available at the next-door Golden Tulip Altis, such as the restaurants, bars, pool, health club, business centre and 24-hour room service.

Jose Maria Antunes, general manager of the Golden Tulip Altis, states: " I am delighted that our whole group will now be marketed under one single brand, that is Golden Tulip. Our 24 year partnership with Golden Tulip for the Golden Tulip Altis has been successful and I am confident that expanding the brand to the whole group will have a very positive effect on the business and profile of all three hotels."

Hans W.R. Kennedie, president & CEO of Golden Tulip Hotels, Inns & Resorts, adds: "I am very happy that we have expanded our portfolio in Lisbon with these two fine hotels. Golden Tulip's strategy to team up with strong local partners such as Altis Hotels is a proven benefit in many markets. Altis Hotels is a renowned name in the Portuguese hospitality industry and the combination with Golden Tulip will give the hotels added value in the international market place."

In 2005 and 2006 the Altis Hotel Group will expand its portfolio with two more hotels in Portugal's capital, a 300-room hotel located in the Marques de Pombal area and a 40-room hotel at the Doca do Bom Sucesso, located over the Tagus River.

Golden Tulip Hotels, Inns & Resorts is a privately owned franchise company with its head office based in Amersfoort, the Netherlands, franchising some 270 hotels across 41 countries, with the majority of hotels being located in urban destinations across Europe, the Middle East & Africa Through its commercial alliance with TOP International Hotels, a German based hotel consortium, the combined portfolio comprises over 43,000 rooms in approximately 390 hotels. Golden Tulip offers a unique franchise concept for two brands, designed to implement international standards, whilst maintaining local flavours: Golden Tulip for the four and five star business and resort hotels and Tulip Inn for the three star category. TOP International Hotels offers hotel reservations, marketing and sales services to independent hotels.