Dutch hotel chain Golden Tulip has filed for adminstration for 13 of its hotels in Amersfoort, Wageningen, Beekbergen and Delft, the company's management and administrators announced this week. The 57 hotels operated by franchise holders will be excluded from the bankruptcy proceedings.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
