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 Oxford Capital Partners, Inc. Acquires 
Xerox Document University, 
a 951 room Conference Center in Leesburg, VA 
June 29, 2000 - Oxford Capital Partners, Inc. announced today that the Xerox Document University campus and conference center business, located in Leesburg, Va., has been purchased by WXIII Oxford-DTC Real Estate LLC, a partnership between Oxford Capital Partners Inc. and Goldman  Sachs & Co.'s Whitehall Funds, from Xerox Corporation. 

The sale includes 951 guest rooms, the 110-acre grounds, three living/learning buildings comprising over 200,000 square feet of meeting space, classrooms and computer labs, and the 40,000 square foot fitness and recreation center. 

Oxford Capital Partners, a private equity investment firm focusing on hotels, resorts and conference centers, will continue to operate XDU as a preeminent training and conference center.  Xerox will lease back a portion of XDU for five years and continue to host education and learning classes and conferences there.

"XDU is an extraordinary facility located in the heart of the burgeoning Dulles Technology Corridor.  There is simply no other openly marketed center in the country that matches the location, scale, quality and flexibility of XDU," said Robert D. Kline, an Oxford principal and managing director. "Corporations and employees are increasingly emphasizing continued education as a means to staying competitive in this fast paced, technologically savvy environment.  Potential recruits are now regularly asking, “What’s my pay and how many weeks of training do I get?”  As the new owners of XDU, we will carry forward and enhance this property's tradition of providing an excellent, effective training and learning center with fully integrated technology."

Oxford Capital Partners, Inc. is a private equity investment firm located in Chicago, Illinois.

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Contact:
Robert D. Kline, 312-755-9500, 
rdk@oxford-capital.com
John W. Rutledge, 312-755-9500, jwr@oxford-capital.com

Also See Thayer Lodging Group Opens the IACC Certified Executive Meeting Center at the The DoubleTree Hotel, Rockville, Maryland / May 2000 
Mass Mutual/Cornerstone Advisors Opens University of Florida Hotel & Conference Center, a Doubletree® hotel, in Gainesville / June 2000 


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