Madelon Boom, who will be based both at Golden Tulip's head offices in Amersfoort, the Netherlands and in Lausanne, Switzerland, brings with her a wide international experience and strong background in hotel operations and management. Madelon held several senior management positions with Hyatt International during her 15-year career there, including Divisional Director of Rooms/Marketing for Europe, Africa and Middle East and General Manager of the Hyatt hotels in Hamburg, Cologne and London. Madelon has worked in the UK, South Africa, Morocco, India, Germany and Switzerland and was active in most international feeder markets of these countries.

In her role at Golden Tulip, Madelon will oversee Golden Tulip's newly created Hotel Management Division. As of 2005 Golden Tulip will oversee operations in the Benelux, Germany, Austria and Switzerland. In addition she will be a Director of Golden Tulip Hospitality Group and a member of the Management Board.

Hans Kennedie, President and CEO of Golden Tulip states: "I am extremely pleased that Madelon will be joining Golden Tulip Hotels, Inns & Resorts. Besides enhancing the knowledge base of our existing management, Madelon will manage and add further structure to the hotel management side of our activities. She has an impressive résumé, brings a vast experience in international hotel operations to Golden Tulip and will be a valuable asset to our organisation."

Golden Tulip Hotels, Inns & Resorts is a privately owned Hotel Management and Franchise company with its head office based in Amersfoort, the Netherlands. The company is overseeing franchise operations in almost 300 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 over 400 hotels. Golden Tulip offers a unique franchise concept for two brands, designed to implement international standards, whilst maintaining local flavours: Golden Tulip for the Superior First Class hotels and resorts and Tulip Inn for the limited service First Class category. In addition the company offers hotel management to hotels in the same categories. TOP International Hotels offers hotel reservations, marketing and sales services to independent hotels. (Ends)