|Tel Aviv (Israel), Amersfoort (The Netherlands), 17th March 2005 –
Golden Tulip Hotels, Inns & Resorts and Fattal Hotels, a leader in
the Israeli hotel industry, are proud to announce the signing of the franchise
agreement for the new 280-room Golden Tulip Eilat. This is the second hotel
operated by Fattal Hotels to be franchised by Golden Tulip. The Golden
Tulip Privilege Dead Sea has been a Golden Tulip Hotel since 1999.
Mr Hans Kennedie, President & CEO of Golden Tulip Hotels, Inns &
Resorts, adds: “I am pleased that we have expanded our portfolio in Israel
with this new hotel. Golden Tulip’s strategy to team up with strong local
partners such as Fattal Hotels is a proven benefit in many markets. Fattal
Hotels is a renowned company in the Israeli hospitality industry and the
combination with Golden Tulip will give the hotels added value in the international
|The Golden Tulip Eilat, formerly
known as the Paradise Club Hotel, will open in early April 2005 following
an investment of USD 3 million to renovate and revamp the hotel to a 280-room
hotel with international standards. The Golden Tulip Eilat will offer the
largest convention centre in Eilat, a water park, entertainment lobby and
a renewed dining room, all under the concept of “All Inclusive”.
Mr David Fattal, owner of Fattal Hotels comments: "I am delighted to
add another Golden Tulip to the Israeli hotel landscape and am confident
that the hotel will successfully re-enter the market with the Golden Tulip
Golden Tulip Eilat
(formerly Paradise Club Hotel)
Fattal Hotels is the largest hotel chain in Israel, operating 11 hotels
under the world's leading brands, such as the Le Meridien & Club Med.
The company has 3,833 hotel rooms in Israel's central resorts and business
centres. Fattal currently employs 3,000 staff members and its annual revenues
from hotels are estimated to be over NIS 450 million.
Golden Tulip Hospitality B.V. with its head offices based in Amersfoort,
the Netherlands and Lausanne, Switzerland, is the owning company of Golden
Tulip Hotels, Inns & Resorts, franchising some 251 hotels across 37
countries, with the majority of hotels being located in urban destinations
across Europe, the Middle East & Africa.