Dolce Hotels and Resorts Selected to Rebrand and Manage Former Ritz-Carlton(R) Lake Las Vegas

LAS VEGAS, NV–(Marketwire – September 21, 2010) – Dolce Hotels and Resorts has been selected by Village Hospitality LLC to rebrand and manage the former Ritz-Carlton® Lake Las Vegas that closed in May 2010. Dolce plans to open the new property in the first quarter of 2011.

Dolce specializes in delivering superior meetings, weddings and other social event experiences through personalized service, premier cuisine and state-of-the-art facilities. Whether traveling for business or pleasure, guests’ every need is attended to by experienced and passionate Dolce team members. The Lake Las Vegas resort is a natural fit for Dolce’s portfolio, which focuses on properties situated just outside major metropolitan areas on sprawling grounds where guests can recharge and reconnect. A leader in the meetings industry, Dolce hosts approximately 30,000 events and four-million group clients throughout its 27 properties in North America and Europe.

The 349-room-and-suite resort sits on 15 acres of the master-planned Lake Las Vegas development, which features stunning vistas, miles of green, two resort-hotels, two marinas, residences and a European-style village. Its Mediterranean architecture featuring clay tile roofs and arched doorways is reminiscent of Europe’s colorful waterside villages. The property showcases 32,000 square feet of meeting and banquet space and a 30,000-square-foot spa and fitness center, with multiple dining and lounge experiences. An idyllic setting for weddings, it offers Las Vegas’ largest and only over-water chapel, as well as beautiful gardens and courtyards that can be used for private affairs. Located next to the resort’s spa, a heated pool provides guests a sophisticated retreat to relax year-round. The property adjoins MonteLago Village, offering scenic walking streets of boutiques and restaurants.

“We look forward to managing our first Las Vegas property and working with the Lake Las Vegas community to help revitalize this charming destination,” said Steven A. Rudnitsky, Dolce president and chief executive officer.

The resort can accommodate gatherings ranging in size from 10 to 1,000 attendees. Its advanced meeting space features an 11,841-square-foot ballroom with 7,423 square feet of pre-function area, a smaller 4,700-square-foot junior ballroom and 10 function rooms that include two elegantly appointed boardrooms. Technological amenities include state-of-the art electrical, lighting and sound systems, soundproof air walls and high-speed Internet access in key gathering locations. Direct ballroom access is available for large vehicles and other oversized display items.

Lake Las Vegas is a pristine, master-planned 3,600-acre residential and recreational community surrounding a fresh water lake. Its old-world Mediterranean theme is reflected in the overall design and ambiance of this charming destination, unique to the desert southwest. The Lake Las Vegas area is home to the Jack Nicklaus-designed Golf Club at SouthShore, which was named one of the Top 100 Modern Courses by GolfWeek magazine.

Dolce Hotels and Resorts, headquartered in Montvale, N.J. and Paris, is majority-owned by Broadreach Capital Partners and employs approximately 4,000 worldwide. Dolce has earned a reputation for creating inspiring working and learning environments through its superior cuisine and amenities, productive facilities and design, and dedicated, personalized customer service. Additional information is available at www.dolce.com.

The Ritz-Carlton ® trademark is owned by the Ritz-Carlton Hotel Company, L.L.C.

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