Golden Tulip adds Lagos, Nigeria.
Wednesday, 24th May 2006
Source : Golden Tulip Hospitality
Management agreement effective 1st January 2007 and the second hotel nder management, in the West African Region.

Golden Tulip Hospitality Group to operate first hotel in Nigeria; the Golden Tulip Princess Emotan

The Golden Tulip Princess Emotan will be operated by Golden Tulip West Africa Ltd., a joint venture between Lionstone Ltd. and Golden Tulip.

Golden Tulip Princess Emotan will be a Superior First-Class International African-Style Business Hotel with 54 superior guestrooms and centrally located in the business district of Apapa, a suburb of Lagos City and the International Airport. 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, an a la carte restaurant, and a pool bar.

Mr. Innocent Ovbagbedia, Director of Golden Tulip Princess Emotan comments: "We are delighted to sign a management agreement with Golden Tulip West Africa. The combination of the international Standards and Golden Tulips' commitment to the local flavours were decisive in our decision to have Golden Tulip operate our property". The hotel is currently under construction and will be completed by the end of the year.

Mr. Amaechi Ndili, Chairman of Golden Tulip West Africa stated: The signing of the Golden Tulip Princess Emotan marks for us the first hotel to be operated in Lagos, Nigeria. The objective of Golden Tulip West Africa is to add several Superior First Class Hotels across the Western Region of Africa, from Senegal to Angola. Today, Golden Tulip West Africa will count already two hotels, the Golden Tulip Accra in Ghana and now the Golden Tulip Princess Emotan in Lagos.

Mr. Hans Kennedie, President & CEO of Golden Tulip Hospitality, adds: "We are extremely pleased that we have been able to secure our first hotel in Lagos. Nigeria and Lagos in particular, are very much engaged in an economic and social development reform program. Golden Tulip is pleased that through this hotel we will be playing an important role in this market".

It also marks the success of our global expansion strategy through regional joint ventures. Golden Tulip West Africa will soon be announcing further expansions.?

Golden Tulip's portfolio in the African Continent comprises of 11 hotels in Egypt, Morocco, Ghana, Tanzania and Tunisia.
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