Golden Tulip changes strategy in the UK

Golden Tulip Hospitality intends to purchase hotel assets directly in the UK, now that 15 of its hotels and developments have been sold to Whitbread. The hotel group is making an initial sum of £50 mln available for acquisitions in the UK, where it expects 20 Tulip Inns and 10 Golden Tulips will be developed within the next five years.

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