Dolce to Continue Managing the 349-room Resort in Las Vegas, Nevada

Newage Lake Las Vegas LLC is the New Owner of Ravella at Lake Las Vegas

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. December 07, 2012

ROCKLEIGH, NJ - December 7, 2012 - Dolce Hotels and Resorts today announced that it has been retained by Newage Lake Las Vegas LLC, the new owner of Ravella at Lake Las Vegas, to continue managing the 349-room, Mediterranean-inspired luxury resort 17 miles from the Las Vegas Strip.

Dolce began managing the property in January 2011 when it was rebranded under the Ravella name. Newage Lake Las Vegas LLC is a unit of Kam Sang Co., based in Arcadia, California. The hotel sale was part of a two-property deal by Newage, which also purchased Casino MonteLago on a one-acre site adjacent to Ravella. Dolce is not involved with the casino, which was obtained from a subsidiary of Deutsche Bank.

Phil Wolfgramm, senior vice president at Kam Sang, commented, "The retention of Dolce as manager of the resort is good news for guests of Ravella. Dolce is doing a great job of operating the property and has re-established Ravella as a sought-after destination for meetings, events and weddings."

Steven A. Rudnitsky, president and chief executive officer of Dolce Hotels and Resorts, said he looks forward to working with Newage Lake Las Vegas LLC "to assure first-rate hospitality" for business, group and leisure guests at Ravella. "We are pleased to continue our management role of Ravella, an outstanding resort and conference facility," he said.

Ravella at Lake Las Vegas attracts travelers seeking a peaceful retreat with easy access to the bright lights of the Strip, offering guests unforgettable cuisine, a full-service spa, world-class golf, and a variety of recreational activities including kayaking, boating, fly fishing, and pool cabana rentals.

About Dolce Hotels and Resorts
Headquartered in Rockleigh, New Jersey, Dolce Hotels and Resorts operates 26 upscale hotels, resorts and conference-focused properties through North America and Europe. The portfolio features U.S. addresses in California, Colorado, Connecticut, Georgia, Indiana, Maryland, Michigan, Nevada, New Jersey, New York, Pennsylvania and Texas, as well as properties in Canada, Belgium, France, Germany and Spain. All distinct in design and uniquely suited to their locations, Dolce properties feature freshly sourced culinary experiences and inspiring environments that bring people together for meetings and events. Dolce pioneered the Complete Meetings Package, now embraced by many hotel companies and the International Association of Conference Centers as a standard. Dolce Hotels and Resorts is continuing to expand throughout the US and Europe. Downtown Indianapolis will welcome The Alexander in early 2013, and forthcoming European hotel launches are planned in Vittel, France, and Belas, Portugal. www.dolce.com

About Kam Sang Company
Established in 1979 by President and CEO, Ronnie Lam, Kam Sang Company is based in Arcadia, California. It is a privately held, real estate development and real estate management company with various holdings. Kam Sang not only acquires and operates existing hotels and real estate, but also develops and builds properties of all types, including hotels and other retail construction projects. Kam Sang's most recent new construction projects which opened within the last 3 years, include the Sheraton Garden Grove-Anaheim South Hotel near Disneyland, California; the Embassy Suites Hotel, in Glendale, California; and the Atlantic Times Square mixed-use retail and residential development in Monterey Park, California. In addition to its recent acquisition of the independently branded Ravella at Lake Las Vegas - previously the Ritz-Carlton at Lake Las Vegas - Kam Sang owns and operates a variety of Hilton, Starwood, and Marriott branded hotels. www.kamsangco.com

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