Gaucho
Group Holdings, INC. Engages EDSA,
INC.
to Develop
Algodon Wine Estate's Masterplan
and
Seeks
to
Partner
with
Branded Luxury Name to Co-Develop
Boutique Hotel and Residences
NEW YORK,
NY / July X, 2021 / InvestorsHub NewsWire
-- Gaucho Group Holdings,
Inc. (NASDAQ:VINO),
a company that includes a growing collection of e-commerce
platforms with a concentration on fine wines, luxury real estate,
and leather goods & accessories, today announced
it
has
engaged
the
architectural
planning
and design
firm, EDSA
to enhance
and further develop the existing
masterplan
of
Algodon Wine
Estates Private Estancias 4,138 acre
luxury vineyard and golf
development, in San Rafael, Mendoza,
Argentina. This
initiative includes laying the
foundation for a partnership with a branded luxury name
in
hospitality to co-develop a boutique
hotel and associated residences.
EDSA, Inc. is a
planning, landscape architecture, and urban design firm founded in
1960. The company is headquartered in Fort Lauderdale, Florida with
offices in Orlando as well as New York City,
Baltimore, and
Shanghai, China. EDSA's commitment to excellence can
be seen through their past works, which spans
more than 500 projects in over 100 countries including
Miami's
notable 1
Hotel & Homes South Beach, as well as
The Dubai Opera
House, the Bahamas' Atlantis
Resort, and PepsiCo Headquarters in
New York.
EDSA plans
to position Algodon Wine Estates to meet
the current luxury market demand and become the most exciting
ultra-luxury,
residential
resort community in
South
America. These enhancements and new
vision seek to encourage worldwide interest in the
4,138-acre
project, particularly
among
equally
situated luxury
brands.
Scott Mathis, CEO
& Chairman of Gaucho Group Holdings, Inc. commented, "We could
not be more excited
to work with
EDSA. We
are hiring
the best, and we are getting the best, with the
goal to potentially bring in a world class branded 80-120 room
hotel with branded residences including our own
'Algodon' branded
residences. If we are successful in our effort to
partner with a branded luxury name, not only will Algodon be
associated with this name, but we expect all the residences associated
with the project will see the value of their properties reflect the
added mystique of a world renown luxury name.
"We came to San Rafael,
Mendoza, with a plan to develop the finest world-class wine,
wellness, culinary and sports lifestyle resort and residential
development in the region, and we feel as though this
partnership is the next logical step in
taking this to the next level.
In the subsequent months after
over a year in lockdown, we believe individuals are prioritizing
family, health, and well-being, now more than ever. These days, big
cities have lost their allure, and our award-winning vineyard
community can provide many with a unique peace of mind only found
in a natural, socially distanced living community."
The
expanded
masterplan looks
to further
build upon
the award-winning vineyard community by incorporating the existing winery and
vineyards, an 18-hole championship-style
golf course (with the potential to further
expand to 36 holes) and championship-style
tennis
facilities with the goal
of
attracting international
golf and
tennis
tournaments, a locally-sourced boutique
distillery, organic/seasonal restaurants, newly developed villa
homesites, equestrian facilities,
existing pools, spa and fitness center,
lavender and rose gardens, clubhouse and
social club, working farm, as well as various hiking,
biking, and walking trails and curated
local adventures.
Marco Larrea, PLA
EDSA Principal stated, "We are very excited
to begin work on
this expansive project. I believe our team in conjunction with
those in place at Algodon Wine Estates and Gaucho Holdings
will work
effectively to design and complete the enhancement of these
inviting and unique assets."
About
Algodon Wine Estates
Algodon Wine
Estates (algodonwineestates.com)
is a 4,138 acre (1,675 ha) world-class wine, wellness, culinary and
sport resort, and luxury real estate development, located in the
rolling hills of the Sierra Pintada Mountains in San Rafael,
Mendoza, Argentina. A hidden gem nestled in the heart of
Argentina's thriving wine country, Algodon Wine Estates caters to
citizens of the world who embrace our distinct, bolder approach to
living well—those who are seeking an adventurous retreat that is
unforgettable and unlike anything else.
Surrounded by the
natural beauty of our vineyards, which are responsible for
producing the award-winning wines of Algodon Fine Wines
(algodonfinewines.com),
Algodon Wine Estates is home to private estancias, built by local
craftsman with the finest, regional materials, as well as a
boutique hotel (algodonhotels.com).
Owners of the private estancias and resort guests have access to
world-class amenities, including a nine-hole golf course (with an
additional nine holes forthcoming); grand slam style tennis courts;
a year-round restaurant helmed by a world-class chef, serving
traditional Argentine cuisine; and other concierge services, as
well as unparalleled access to the Algodon winemaking
lifestyle.
Algodon Wine
Estates is part of Gaucho Group Holdings, Inc. (gauchoholdings.com),
which crafts luxury experiences, properties
and products the
celebrate the vibrant and distinctive Argentinian lifestyle. To
learn more, visit
algodonwineestates.com.
About
Gaucho Group Holdings, Inc.
For more than ten
years, Gaucho Group Holdings, Inc.'s (gauchoholdings.com)
mission has been to source and develop opportunities in Argentina's
undervalued luxury real estate and consumer marketplace. Our
company has positioned itself to take advantage of the continued
and fast growth of global e-commerce across multiple market
sectors, with the goal of becoming a leader in diversified luxury
goods and experiences in sought after lifestyle industries and
retail landscapes. With a concentration on fine wines
(algodonfinewines.com & algodonwines.com.ar),
hospitality (algodonhotels.com),
and luxury real estate (algodonwineestates.com)
associated with our proprietary Algodon brand, as well as the
leather goods, ready-to-wear and accessories of the fashion brand
Gaucho – Buenos Aires™ (gauchobuenosaires.com),
these are the luxury brands in which Argentina finds its
contemporary expression.
Cautionary Note
Regarding Forward-Looking Statements
This press
release contains forward-looking statements within the meaning of
the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. Statements other than statements of historical
facts included in this press release may constitute forward-looking
statements and are not guarantees of future performance, condition
or results and involve a number of
risks and
uncertainties. Actual results may differ materially from those in
the forward-looking statements as a result of
a number of
factors, including those described from time to time in our filings
with the Securities and Exchange Commission and elsewhere. The
Company undertakes no duty to update any forward-looking statement
made herein. All forward-looking statements speak only as of the
date of this press release.
Media
Relations:
Gaucho Group
Holdings, Inc.
Rick
Stear
Director of
Marketing
212.739.7669
rstear@gauchoholdings.com