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Golden Tulip Files Bankruptcy for Dutch-owned Hotels

May 26, 2009 By: Travel Agent Central Contributor

Reuters reports that hotel group Golden Tulip will file for bankruptcy for 13 hotels in the Netherlands that it directly owns and operates. Not affected are its franchised and affiliated hotels, of which there are 720 in more than 50 countries, and the affected hotels will continue to operate during the proceedings, the company said. The group owns 60 hotels directly.

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