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Golden Tulip Opens its Second Property in Prague, Czech Republic
with the Management Contract for the 61-key Hotel Savoy

Hamburg/Kassel - November 17, 2011
- Golden Tulip is continuing its ambitious development process in the CEE region and opens a hotel in the capital of the Czech Republic on December, 1. Nearby the famous Prague Castle the 5-­‐star Boutique-­‐Hotel Savoy – built in 1911 and re-­‐opened in 1994 after an extensive renovation – attracts guests with 61 luxurious rooms and suites.

Since 1990 the hotel is owned by the Warimpex Finanz-­‐ and Beteiligungs-­‐AG – an Austrian real estate development and investment company. From December, 1 Golden Tulip is taking over the management contract. It`s the second hotel in Prague for the brand operating 200 hotels in 40 countries.

Hotel Savoy combines gracious living with the charm from long ago – the face of the building originates from the year 1882. Behind it a mixture of elegance and modern technology is waiting for the guests.

This year the online portal TripAdvisor awarded the hotel with the “certificate of excellence”.  Situated in the embassy district of Prague the hotel features a relax center with a whirlpool, sauna and a steam bath as well as a beauty salon and two conference rooms with the capacity of 45 persons. Above that a presidential suite offers an intimate atmosphere for meetings with up to 20 people. The award-­‐winning restaurant Hradčany and a library with an open fireplace complete the offer of the hotel.

David Anderson, Director of Operations for Northern Europe says: “The Louvre Hotels Group is delighted to have this key hotel within our Golden Tulip brand. The Savoy hotel offers the luxurious comfort you would expect from a 5 star Prague hotel combined with such charm that it has made it the choice of corporate and leisure guests and of many celebrities and politicians visiting Prague over the years.”

About Louvre Hotels Group:
 Following buyouts by Starwood Capital in 2005 and 2009, respectively, Louvre Hotels and Golden Tulip joined forces in April 2011 to become Louvre Hotels Group, one of the global leaders in hotel services with more than 1000 hotels in 40 countries in the 1 to 5 star segments.  Created in 1976, the Group now has six brands: Première Classe, Campanile, Kyriad & Kyriad Prestige, Tulip Inn, Golden Tulip and Royal Tulip.


Meighan McFalls
Agence ELAN
Tel: +33 (0)1 40 89 96 52

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Also See: Louvre Hotels Group Continues International Growth; Eastern Europe a Key Component / October 2011

Louvre Hotels Group to Expand in Central and Eastern Europe Aiming to Open 28 Hotels Before 2012 and Work Toward 100 Hotels per Year within Five Years / October 2011

Louvre Hotels Group Strengthens its Presence in France and Internationally with the Opening of 42 New Hotels in 2011 / September 2011

The Golden Tulip Warsaw in Poland Undergoing Renovation of Public Spaces to be Completed in September 2011 / August 2011

Louvre Hotels Group Continues Development of Golden Tulip and Tulip Inn With the Brand Transition of Three Fully-Owned Hotels / June 2011

Louvre Hotels and Golden Tulip Launch New Entity, Louvre Hotels Group, with a Portfolio of 7 Distinctive Brands with over 1,000 Hotels in 40 Countries / April 2011

Brazil Hospitality Group Acquires Brascan Imobiliaria Hotelaria e Turismo S.A., Sole Owner of the Hotel Intercontinental in Rio de Janeiro: Ends Year with 38 Hotels in Portfolio with Plans to Add 1,500 Rooms During 2011 / December 2010

Starwood Capital Acquiring Golden Tulip Hospitality; the Golden Tulip Brands to be Integrated with Starwood Capital's Budget Hotel Division - Louvre Hotels / June 2009

Starwood Capital Group Acquiring Controlling Interest in Groupe Taittinger, Societe Du Louvre, Europe's Second Largest Hotel Network / July 2005

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