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 Behringer Harvard Investments Starts a $15 million Redevelopment of the
Lakeway Resort and Spa on Lake Travis in Austin, Texas
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Lakeway, TX (November 15, 2005) – Groundbreaking ceremonies today marked the start of the expansion and renovation of the legendary Lakeway Inn Conference Resort of Austin, Texas, following its re-flagging as a Dolce International property earlier this year.  Lakeway Mayor Steve Swann joined Sue Collyer-Potter, assistant city manager planning, development and code enforcement, City of Lakeway, Andy Dolce, CEO of Dolce International, Ron Vuy, general manager of Lakeway Inn Conference Resort and Sam Gillespie, vice president, asset management of Behringer Harvard of Dallas, to mark a new era for Lakeway.   The event was also attended by honored guests and friends, including business and civic leaders.  During the ceremony plans were unveiled to transform the current property into a full service, four-star resort & spa, slated for a May 2006 completion.  

Plans were unveiled for a complete redevelopment of the resort including a grand lobby entrance, an upgrade of 168 guest rooms which includes the creation of 16 spa guestrooms construction of a 5,200 square-foot glass windowed ballroom jetting out over Lake Travis offering spectacular views, a redesign of the Travis Restaurant and a 5,500 square-foot state-of-the-art spa and fitness center. Swimming facilities will be improved with a new three-tiered infinity pool overlooking Lake Travis and swim-up bar, plus a children’s pool featuring a “mountain slide.”  A kid’s camp facility will also be added.  Capping off the breathtaking plans is the creation of 70 condominiums located on the shores of Lake Travis; the units will go to market in early 2007. The resort will also offer lakefront swimming access with pedestrian paths connecting Lake Travis to the resort.
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The much-anticipated event kicked-off with a special ceremony that included remarks from Andy Dolce, CEO and founder of Dolce International. “We are thrilled to be back at Lakeway and partner with Behringer Harvard to realize our shared vision of a premier Texas Resort and Conference Destination.”
 
“The new resort will not only grow our conference clientele, but will also attract families and vacationers like no other destination in Central Texas,” explained Dolce.
 
“This property is important to us not only from a business perspective, but from a very personal level,” Dolce said at the groundbreaking.  “The success of this project will be in large part due to the high level of community participation and support we have sought.”
 
Dolce International returned as Lakeway’s management company, after Behringer Harvard Investments of Dallas acquired the resort in January 2005 and brought in Dolce to oversee the renovation and management of the property.  Dolce previously managed Lakeway Inn from 1985 until 2002. 
 
The architect and design team responsible for the extensive transformation are: Lake Flato Architects of San Antonio and Susman Tisdale Gayle of Austin, Texas. Lakeway Inn will remain open during the entire renovation.
 
About Lakeway Inn:
Lakeway Inn was originally built in 1963.  The last major renovation to the property was in 1987.  Lakeway Inn is located 18 miles west of Austin and is a 40-minute drive from Austin Bergstrom International Airport.  Ideally situated in Texas Hill Country, the property is halfway between Houston and Dallas and an hour from San Antonio.  In addition to Lakeway Inn, Dolce’s current Texas portfolio consists of American Airlines Training & Conference Center in Dallas/Fort Worth.
 
About Dolce International:
Dolce International is a global hospitality company specializing in the meetings experience for its customers. The company has a collection of 21 unique properties in the United States, Canada and Europe.  Each property features a different style ranging from a historic castle, to an authentic alpine village, to a New England-style country resort, to a French chateau, to a traditional corporate learning center.  All Dolce Destinations meet the high standards of the International Association of Conference Centers (IACC).  While Dolce International specializes in the meetings niche of the hospitality industry, the company also caters to leisure travelers, individual business travelers and offers a variety of venues for events.  Headquartered in Montvale, New Jersey and Paris, France, the company has approximately 3,000 employees.  Dolce is celebrating its 25th Anniversary in 2005. 
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Contact:

Jeff Burns
Director of Sales and Marketing
Lakeway Resort and Spa
Phone: (512) 261-7342 e-mail: jeff.burns@dolce.com

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Also See: Dolce International Awarded the Management Contract for Lakeway Inn Conference Resort in Austin, Texas by New Owners, Behringer Harvard Funds / February 2005
Lakeway Inn, Owned by Lend Lease Real Estate Investments and Managed by Dolce International, Completes $20+ million Expansion and Renovation / Mar 2000

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