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M.I.C.E. Venues

 February 25, 2005
Dolce Adds Two New Conference Resorts To U.S. Portfolio

 Dolce International has been awarded two new conference resort management contracts in the U.S.. The two new Dolce resorts are Zermatt Resort & Spa in Midway Utah, near Salt Lake City, and Lakeway Inn Conference Resort in Austin, Texas.

Andy Dolce, chairman and CEO for Dolce International commented, "Managing these resorts is in keeping with our strategy to expand our destinations in the Western U.S. and offer a broader range of amenities for meeting groups. Both properties are located in wonderful meeting and tourism destination and fit nicely into the Dolce International portfolio with outstanding hospitality, excellent meeting space as well as the recreational amenities. All these components create facilities that are marketable year-round."

The first, Zermatt Resort, is currently under construction and scheduled to open in the first quarter of 2006. The property is located just 40 minutes outside Salt Lake City and just 45 minutes from the Salt Lake City International Airport.

Zermatt Resort & Spa promises to be Dolce's most extensive conference resort yet, offering more than 64,000 square feet of indoor and outdoor meeting space. Designed to resemble a quaint alpine village, Zermatt will feature "Hotel der Baer", a four-story Swiss chalet with 226 authentic alpine guest rooms and the "Chateau Hotel Villas" with 126 apartments - all with fireplaces and jetted tubs. Other amenities will include the "Mountain Rose" a 17,000 square-foot European spa, and "The Alps," a newly-designed nine-hole Executive golf course. The resort's privately-owned villas and townhouses will also be managed by Dolce.

For conferences, Zermatt Resort & Spa can accommodate groups of 15 to 500. The Matterhorn Conference Centre will offer 64,000 square-feet of flexible indoor meeting space, including 23 meeting rooms; five hospitality suites; and a separate enclosed 13,000 square-foot multi-use pavilion (ideal for trade show events). Teleconferencing capabilities will allow regional meetings to "link up" with other meetings nationally or internationally. In addition, the resort will have a business centre. For social events, a ballroom will feature old European-style architecture to resemble the great banquet halls of Europe. The resort has already earned its approval into the International Association of Conference Centres (IACC).

For dining, Zermatt Resort & Spa will offer three restaurants: Schneitter's, reminiscent of the finest restaurants of Europe, featuring Swiss and French cuisine with outdoor seating on the square; Matty's Sport Grill & Lounge , a casual Bistro serving pizza and European specialties; and the Mountain Rose, a health café and juice bar.

In addition to the spa and golf, on-site recreational facilities will include indoor and outdoor swimming, tennis, volleyball, basketball, retail shopping and a kids club. Adding to Zermatt's authentic Swiss charm are a European Carousel, Indoor Recreation centre and Zermatt's natural phenomena - geothermal hot springs which can be used in the winter for scuba diving or just relaxing.

Zermatt is a year-round resort destination, offering an exciting array of outdoor activities nearby. Guests can choose from five premium golf courses within five miles, or enjoy mountain biking, skiing, snowmobiling, ice fishing, hiking, alpine and Nordic skiing, water sports, air gliding and hot air ballooning. Visitors can take a historic journey through Heber Valley and Provo Canyon on the only steam locomotive between Colorado and California.

Dr. Robert Fuller, owner and developer said, "It has taken nine years of design, planning, and work to obtain entitlements to see Zermatt Resort become a reality. This resort is about location and facilities. I am thrilled to be partnered with Dolce International, its officers and particularly Andy Dolce, whose combined experience will help make this one of the most unique hospitality and conference properties in the U.S."

The management contract for Lakeway Inn Conference Resort in Austin, Texas has been awarded to Dolce by new owners, Behringer Harvard Funds of Dallas, Texas. Lakeway Inn is located 18 miles west of Austin and is a 40-minute drive from Austin Bergstrom International Airport. The property is halfway between Houston and Dallas and about an hour from San Antonio.

The 239-room Lakeway Inn will undergo an extensive re-development and re-positioning over the next 12-18 months. "Lakeway Inn Conference Resort is brimming with potential," said Jon Dooley, Behringer Harvard's senior vice president of real estate. "We are committed to restoring it to a level of prominence that will enable it to effectively compete with the major four- and five-star resorts in the region."

Dolce managed Lakeway from 1985 until 2002 and is returning as the management company.

Andy Dolce commented, "We are thrilled to return to Lakeway and partner with Behringer Harvard to realise our shared vision of a premier Texas Resort and Conference Destination."

Occupying just over 16 acres, Lakeway Inn encompasses some of the most valuable real estate in Texas on the shores of Lake Travis. Often referred to as the crown jewel of the Texas Riviera, the historic Inn has long been a preferred meeting and vacation spot for Texans, especially those coming from Houston and Dallas.

Presently the Inn has 239 guest rooms in the six-story hotel tower and guest cottages. The property offers 20,000 square feet of meeting space, a full restaurant, and cocktail lounge/game room. Guests can enjoy golf, water activities, tennis and many other activities offered throughout the growing Lakeway community.

"Having the right marketing and operating partner at Lakeway is instrumental to the development meeting our investment objectives," said Robert Behringer, chairman and CEO of Behringer Harvard. "We felt Dolce's prior experience with Lakeway and years of success with similar high quality properties made them an obvious choice for this key assignment."

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