thegreglowe.com

BANGKOK–Swiss-based hotel chain, Golden Tulip Hospitality Group, on Monday announced plans to pump US$1.56 billion over the next four years to expand its operations in Southeast Asia, which include building high-tech guest rooms.

The company, which currently operates 324 hotels in 54 countries, is targeting to open 50 hotels in the region by 2012 and will launch three brands: economy-business Tulip Inn, four-star Golden Tulip, and five-star Royal Tulip. Tulip Inns will represent 60 percent of the company’s portfolio, with the other brands making up the remaining 35 percent and 5 percent, respectively. Read more