|
|
VAALS, THE NETHERLANDS (March 2, 1999). � Hotel and Castle
Vaalsbroek, owned by the FSI Group (DSM branch) since 1974, has just been
acquired as of March 1, 1999 by American-based Dolce International and
its investment partner, AEW Capital Management. Along with the acquisition,
Dolce International will invest $10 million in a major expansion which
will begin this spring.
Eighty more guest rooms will be added, bringing the total to 130 rooms. Two new conference rooms and an indoor pool and fitness complex will also be added. Vaalsbroek recently completed a renovation of the 50 existing guest rooms, added a new lobby lounge, and expanded its a-la-carte restaurant. Andrew Dolce, Chairman and CEO of Dolce International, says the acquisition
of Vaalsbroek is an important step in executing the company�s strategic
plan. �We are developing the conference center concept in Europe
and providing our multinational, Fortune 1000 customers with a first class
conference hotel in the Euro Center region is part of this strategy.
Now with Vaalsbroek we are executing this important part of our plan.�
�What we bring to Vaalsbroek,� continues Dolce, �is our customer base which we believe will enjoy bringing their corporate meetings to this region. These are customers who use Dolce properties at our other locations and who are accustomed to highly specialized and technologically advanced meeting experiences. At the same time we have every intention of continuing the outstanding quality of service and hospitality traditions at Vaalsbroek that have made it so successful with its current customers and the community.� The other two locations in Europe are in France: Hôtel du Domaine de Chantilly in the Paris region and Frégate, a conference hotel and golf resort in Provence overlooking the Mediterranean. Both of these properties are owned by Dolce International and are also undergoing major expansions. In North America, Dolce International has properties in New York, Connecticut, New Jersey, Chicago, Texas, the Pacific Northwest, and in Canada. For further information please contact Jennifer H. McDonough, Dolce International Director of Public Relations, at (201) 505-5909. |
|
Also See: | Dolce International Acquires Hôtel du Domaine de Chantilly Outside Paris / Nov 1998 |