Golden Tulip Hospitality has signed five new franchise agreements in Israel for properties that will be operated by
Fattal Hotel Management, one of the largest hotel chains in Israel. The new
additions are: Golden Tulip Tiberias, Golden Tulip Ashkelon, Golden Tulip
Negev, Tulip Inn Sea of Galilee and Tulip Inn Dead Sea. Golden Tulip currently
has nine hotels in Israel.