The $100 million investment by SREI will be leveraged to roughly $250 million to acquire European conference centers and conference resorts and to co-invest in conference center acquisitions in North America over the next three years. 

SREI is a limited partnership overseen by Soros, a private investment management firm headed by renowned financier and philanthropist George Soros. Dolce International currently represents 17 properties internationally and is the only American-based conference center company operating in Europe at this time. AEW Partners II is an investment partnership organized and managed by Boston-based AEW Capital Management who manages over $12 billion of real estate on behalf of its institutional clients. 

Said Richard Mully, Soros Managing Partner - Europe, �Dolce International was an attractive investment opportunity for Soros because they are the leading conference center company operating in continental Europe today and they have the leadership position in the industry in North America. We see tremendous growth opportunities for this unique niche and are eager to invest our capital by purchasing properties in important European markets and by continuing to support their growth in North America.�
 

Continued Dolce International Chairman and Chief Executive Officer Andrew Dolce, �This considerable capital investment by Soros is a watershed in the history of Dolce International. Our core business is corporate meetings and our clients, multinational companies with operations around the globe, have long encouraged us to offer American-style conference facilities in key global

Andrew Dolce

Said AEW Principal Henry Vickers, �We are pleased to have Soros join us in Dolce International. Since July of 1997 we have invested over $200 million in acquiring three assets in the United States and four in Europe. AEW will continue to support Dolce International�s global growth program.� Dolce International Vice Chairman and Chief Development Officer, Bill Boyar, will be spearheading growth opportunities in Europe and a number of potential investment opportunities are already targeted.

Soros Real Estate Investors, C.V. (SREI), an investment fund affiliated with the international investor and philanthropist George Soros, invests in real estate operating companies and other real estate-related assets and opportunities, with a primary focus on Western Europe and Japan. Investments of SREI are managed by Soros Real Estate Partners, an entity affiliated with Mr. Soros. 
 

USA Hamilton Park, Morristown, New Jersey  Tarrytown House, Tarrytown, New York The Heritage, Southbury, Connecticut Lakeway Inn, Austin, Texas American Airlines, Dallas/Fort Worth, Texas Oak Brook Hills, Oak Brook, Illinois Skamania Lodge, Stevenson, Washington The Hastings, Hartford, Connecticut IBM Palisades, Palisades, New York IBM Armonk, Armonk, NY GE Crotonville, Westchester County, NY Canada Spencer Hall, London, Ontario Bank of Montreal Institute for Learning, Montreal, Canada  Europe Chantilly, Paris, France Fregate, Provence, France Vaalsbroek, Vaals, The Netherlands Norton Manor, Hampshire, England

Dolce International is the global leader in learning through meetings and leisure with a growing portfolio of conference hotels, conference resorts and private/corporate centers in the United States, Canada and Europe.