Algodon Wine Estates

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Algodon Mansion welcomed as the first Relais & Châteaux Hotel in Buenos Aires.

Source: DPEC Partners
11.11.2011

FOR IMMEDIATE RELEASE ALGODON MANSION WELCOMED AS THE FIRST RELAIS & CHÂTEAUX HOTEL IN BUENOS AIRES.

BUENOS AIRES, ARGENTINA – (November 11, 2011): Scott Mathis, Founder of Algodon Mansion, is pleased to announce that Relais & Châteaux, the renowned fellowship of the world’s finest hotels and restaurants, has extended membership to the Algodon Mansion hotel and its restaurant, Chez Nous. Located in the heart of Recoleta, Buenos Aires’ most elegant residential neighborhood, Algodon Mansion and Chez Nous have reached the highest standards of service required by Relais & Châteaux, after only a year from celebrating their grand opening in September, 2010. Algodon Mansion is the now the first Relais & Châteaux hotel in Buenos Aires, and Chez Nous is the second restaurant in Buenos Aires to be awarded this distinction. A formal announcement will take place on November 12 in Lisbon, Portugal, as part of Relais & Châteaux’s annual congress.

Established over half a century ago, Relais & Châteaux has set the standard for excellence in hospitality with over 500 member properties in 60 countries. Relais & Châteaux is known for its very strict admission standards. Requisite features and amenities for hotels to be considered for membership typically include luxurious facilities as well as special features distinguishing them from chain hotels. A majority of member hotels are historic landmarks such as castles, manor houses, or townhouses in idyllic settings and offering exquisite cuisine.

“This is a wonderful opportunity to expand our presence in the luxury hospitality market,” says Scott Mathis, Chairman and Founder of Algodon Properties, “As the first Relais & Châteaux Hotel in Buenos Aires, and with Chez Nous as only the second restaurant, our entire hardworking team is delighted. Algodon Mansion brings something very unique to Buenos Aires. In addition to meeting Relais & Châteaux "5 C's" requirements (charm, courtesy, character, cuisine, and calm), we feel honored that they have recognized our dedication to providing the highest quality of service, accommodation, privacy and security, all preeminent factors that have set us apart.”

Algodon Mansion has received an abundance of positive press since it opened its doors last year, including a feature in an upcoming edition of Time Out Buenos Aires, Condé Nast Traveler’s 2011 Hot List (US & UK Editions), Travel+Leisure’s 2011 It List, Travel+Leisure 2011 World’s Greatest Hotels, Resorts & Spas, and Elite Traveler’s Top 101 Hotel Suites 2011, among many others. Algodon Mansion’s restaurant, Chez Nous, has also received recent notable accolades such as a five star review form La Nación, one of Argentina’s most widely read newspapers, and Black Book Magazine, which lists Chez Nous as one of the city’s "Top Picks".

About Algodon Mansion

Algodon Mansion lies in the heart of Buenos Aires’ most elegant residential neighborhood, Recoleta. Our hotel’s landmark 1912 building is fashioned in French Classical design and has been impeccably restored, yet re-imagined with inspired contemporary elegance and sophistication. Each of our 10 luxury suites is exceptionally spacious and offers superior comforts in amenities, as well as custom designed details and furniture that can’t be found anywhere else in the world. Attended by 24-hour butlers, suites overlook a shaded residential street and an exquisite six-story interior lightwell that features a cascading waterfall descending to the lobby. Our restaurant, Chez Nous, is featured on the main floor of our hotel, and has been celebrated for reinterpreting traditional regional dishes that take Argentine gastronomy to a whole new level. Our chic dining rooms exude elegance, intimacy and romance, while our sleek cognac bar offers a cool ambiance that appeals to the sophisticate. On the mansion’s rooftop, teak decks and loungers surround a swimmer's pool for summertime tanning with a petite bar for afternoon soirées.

Algodon Mansion’s sister property is Algodon Wine Estates located in San Rafael, Mendoza, whose award-winning wines and fresh farm products are featured prominently on our restaurant’s menu and wine list. Algodon Wine Estates offers wine lovers the opportunity to live the winemaker’s dream and enjoy custom designed luxury homes, located on a sprawling vineyard estate with the grape variety of their choosing. Represented by Sotheby’s International Realty, this 2,050 acre (825 ha) estate features a world-class winery, as well as 18 holes of championship golf, a championship tennis center and internationally award-winning hospitality amenities.

Algodon Properties are owned and operated by DPEC Partners, founded by Chairman & CEO Scott Mathis and partners. Based in NYC with offices in Buenos Aires and Mendoza, DPEC provides an unequivocal strategic advantage in Argentine real estate acquisition and development. Own a part of the dream.

Media Contacts:

Scott L. Mathis, Chairman smathis@dpecpartners.com (212) 739-7650

Diego Coll Benegas, General Manager dcollbenegas@algodonmansion.com +54 11 3530 2222

Important Notes:

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. This press release may contain certain statements of a forward-looking nature relating to future events or future business performance. Any such statements that refer to Algodon Wines & Luxury Development Group (Algodon Partners) and its respective subsidiaries ("the Company") estimated or anticipated future results or other non-historical facts are forward-looking and reflect the Company's current perspective of existing trends and information. These statements involve risks and uncertainties that cannot be predicted or quantified and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. The forward-looking statements speak only as of the date set forth above. The Company undertakes no obligation to update publicly any forward-looking statement, whether because of new information, future events or otherwise.

Media/Analyst Contact:
Algodon Group
Eric Stear
212.739.7669
Rstear@algodongroup.com

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