Released on = March 13, 2007, 2:50 am

Press Release Author = Rocio Manzanares/Golden Tulip Hospitality

Industry = Marketing

Press Release Summary = Golden Tulip Hospitality and Shanghai Eastern Airline
Hospitality sign its first management agreement in Shanghai for the 283-rooms
Shanghai Eastern Airline Hotel

Press Release Body = Amersfoort (NL)/Lausanne (CH), March, 13 2007 - Golden Tulip is
proud to announce its first hotel in China; the Golden Tulip Shanghai Riverside. The
Swiss-Dutch based hotel company will assume management as per the 1st of April,
2007.

GAO Jiankang, Chairman of Board of Directors of Shanghai Eastern Airline Hospitality
Co., states: "It is with great enthusiasm that we embark into this partnership with
Golden Tulip. We believe that Golden Tulip has outstanding tools, systems and
services to turn the hotel around into a leading preferred hotel in an international
level whilst maintaining its local flavours. This will enable the hotel to achieve
worldwide recognition and high revenues."

Hans Kennedie, president and C.E.O. of Golden Tulip Hospitality, comments: "We are
delighted and very excited to welcome the first hotel in China. It is our goal to
have a Chinese network of 200 hotels across the country in the medium to long term
and we are proud to be able to enter with such a landmark property."

The Golden Tulip Shanghai Riverside is a 4-star superior first class hotel located
in the north of the city. The hotel is of only on walking distance away from the
Zhengping Road station of Metro line No.3(the Pearl Rail Line) and Metro line No.4
which connecting Puxi to Pudong, and it is also close to the Zhengping exit of
elevated highway. The hotel is a 10 minute drive away from the railway station, 15
minutes from Hongqiao Airport and 45 minutes from Pudong Airport. Golden Tulip
Shanghai Riverside has 283 guestrooms and suites. All rooms are equipped with ADSL,
data port, satellite TV, mini bar and IDD. Further hotel facilities include:

·Conference area and business centre
·Sauna and beauty salon
·Entertainment are (Chess, karaoke, cards)

Shanghai is a large and rapidly developing city, but also has a long and majestic
history. You should not miss visiting the exhilarating skyscrapers and modern parks
of Pudong, taking a walk along the historical Bund or shopping for bargains on
Nanjing road or in the many markets such as Huaihai road market. Yuyuan gardens are
considered as part of the cultural heart of Shanghai, with wonderful architecture
and all the snack food and bazar atmosphere you could want. Whether you\'re in
Shanghai for business or pleasure, make sure you visit a few of the charming places
the \"Pearl of the East\" has to offer.

About Golden Tulip Hospitality Group

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 Golden Tulip Hospitality 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.

As a multi-brand hospitality firm, the Golden Tulip Hospitality Group offers
services in the two, three, four and five star categories. On the two-star side
Golden Tulip has an alliance with the French B&B hotel chain. The three-star concept
is the Tulip Inn for the limited-service first-class category, the four-star
category falls under the Golden Tulip brand for the Superior First-Class business
and Resort hotels and the recently introduced five-star concept Royal Tulip. In
addition Golden Tulip offers its services through its commercial alliance with TOP
International, a German based hotel consortium.

In 2006, Golden Tulip introduced BRANCHE, Restaurant, Bar and Lounge. This is a free
standing restaurant chain, which will have establishments in most Golden Tulip
Hotels and Tulip Inns operated by Golden Tulip.





Web Site = http://www.goldentulip.com

Contact Details = Golden Tulip Hospitality Group
Ms. Rocio Manzanares - Corporate Communication Manager
Stationsplein 26
3800 AK Amersfoort
The Netherlands
Tel: +31 33 2544 828