Golden Tulip is teaming up with Action Hotels to operate and manage a new 104-room property in Ras Al Khaimah in the United Arab Emirates.
The Tulip Inn Ras Al Khaimah will be Action Hotels’ first partnership with Golden Tulip, part of the French hotel group Louvre Hotels.
Action is an owner, developer and asset manager of three and four-star hotels in the Middle East and Australia.
Chairman Sheikh Mubarak A.M. Al-Sabah said: “We are pleased to announce our first partnership with Golden Tulip for this new development in Ras al-Khaimah.
“Ras al Khaimah stands today as one of the UAE’s strongest economic producers and we are confident that the Emirate will see continued economic growth and continue to grow as a key regional tourism destination.
“This new property will enable Action Hotels to fill a gap in the supply of economy and mid-market hotels and will positively contribute to our EBITDA levels starting from 2015.”
Golden Tulip Middle East and North Africa president Amine Moukarzel said: “We know the region well and are excited to be adding a three-star hotel in Ras Al Khaimah in addition to our existing five-star resort, Golden Tulip Khatt Springs, in this area.
“This new hotel is ideally located and is a great addition to our portfolio and is expected to be well received by the regional travellers in a market that is currently undersupplied in the economy sector.
“Golden Tulip is actively working with the Ras al Khaimah Tourism authority to continue promoting the destination that has seen its local visitations grow by 31.6% between 2010 and 2012.”