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Dolce International Signs 20-year Management Contracts with Inchydoney Partnership
to Manage Dolce Fregate in Provence, France and Dolce Bad Nauheim
in Frankfurt, Germany
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Montvale, NJ (December 18, 2007) Dolce International has signed 20-year management contracts with Inchydoney Partnership to manage two top European properties owned by the Irish private equity fund.  As part of this master agreement, Dolce will manage Dolce Fregate, (Provence, France) and Dolce Bad Nauheim (Frankfurt, Germany) until 2028.

Dolce's relationship with Inchydoney Partnership began in 2006 with the Dolce Sitges management contract.  These new contracts showcase Dolce's long term strategic positioning in Barcelona and Frankfurt, two of Europe's top meeting and tourist destinations as well the Provence region of France.  

According to Dolce International President Steve Giblin, "We are fully committed to building the Dolce brand in Europe and building value in each asset for our owners.  Dolce's vast experience in managing conference centers, hotels and resorts combined with Inchydoney's real estate investment experience, make us a winning team for business ventures. We are currently looking at multiple expansion opportunities throughout Europe and we look forward to many more successful management contracts with Inchydoney Partnership.

The operation is part of Inchydoney Partnership's plan to expand into Europe by investing in first class hotels. According to the firm's chairman Seamus O'Mahony: "In this operation the group sees important potential for growth and considers mainland Europe in general, as a strategic market for medium and long term investment. O'Mahony also stated that: "As we are highly satisfied with the teams at the three properties and Dolce's professionalism and enthusiasm, we look forward to working with them in the future.

About Dolce International:
Dolce International is a global hospitality company specializing in the meetings experience.  The company has a portfolio of 27 unique properties in the United States, Canada and Europe.  Each property features a different style ranging from a contemporary conference hotel, to an authentic alpine village, to a modern Spanish resort by the sea, 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 4,000 employees.  For more information, visit the web site at www.dolce.com.  

About Inchydoney Partnership:
Inchydoney Partnership is an Irish private equity fund controlled by a set number of investors and headed by Des O'Dowd and Seamus O'Mahony. It is formed by investors from different economic sectors especially sectors related to the development of real estate and the construction business and has wide international experience. These investors own four first class hotels in Ireland and have shares in another three Irish-based hotels. Currently owning Dolce Sitges, Dolce Fregate and Dolce Bad Nauheim, the group's strategy of expansion is to invest in further four and five star hotels in Europe. 

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Contact:

Dolce International
Phil Mattia
 Director of Marketing
 Phone: (201) 505-4413
 e-mail: phil.mattia@dolce.com
www.dolce.com
 

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Also See: Irish Private Equity Fund, Inchydoney Partnership, Acquires the Spanish Resort Dolce Sitges for Approximately USD $77 million / June 2006
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