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Algodon Wines & Luxury Development Group, Inc. (VINO)

Algodon Wines & Luxury Development Group, Inc. (Algodon Group) is a luxury lifestyle and real estate development brand with premium wines in Argentina. The company identifies and develops vineyard operations, lifestyle properties, and other real estate assets and luxury brands in Argentina, and potentially more in other important areas of South America and internationally. Algodon Group is based in New York City. The company also has offices in Buenos Aires and Mendoza.

Algodon's current real estate developments include a Buenos Aires luxury boutique hotel, Algodon Mansion, in the city's most elegant residential neighborhood of Recoleta, and also the Mendoza wine resort, Algodon Wine Estates. This is a luxury vineyard estate in San Rafael, Argentina.

Algodon (using Algodon's icon wines as its ambassador) identifies and develops hotel, hospitality, and other lifestyle properties, and opportunities and brands that fit within its proprietary Algodon® brand.

Algodon Group announced in October of 2016 that it was awarded a gold medal in the Global Malbec Masters 2016 Wine Competition for its 2012 Black Label Malbec. The Global Malbec Masters (organized by The Drinks Business) is a prestigious series of blind tasting competitions, designed to reward the very best Malbecs around the world, ranging from the mountains of Mendoza and Chile's Maipo Valley to the châteaux of Cahors.

The 2012 Black Label Malbec represents the best selection from Algodon Fine Wines' 1946 Malbec vines. The Black Label Malbec spends two years in new French oak after the microvinification method. The grapes undergo harvesting in late February, and are carefully selected directly in the vineyards.

Algodon Wine Estates is in San Rafael, Mendoza, in the foothills of the Sierra Pintadas. It produces a complete range of premium wines from land holdings that include noted parcels of pre-phylloxera vineyards dating back to the 1940s.

The Mendoza winery in the southernmost region of Argentina's wine capital is fed by the purest meltwater from the glacial Andes. Greater than 325 acres of vines go back as far as 1946 and produce first-rate fruit on sandy and clay loam.

Earlier in 2017, Algodon Wines & Luxury Development Group announced it partnered with The Eden Residence Club. This is to offer luxury services exclusively to Algodon Wine Estates homeowners and Algodon Group shareholders. The Eden Club is a global Private Members' Golf Club located in St Andrews, Scotland.

In May 2017, Algodon Wines & Luxury Development Group announced it partnered with Sherry-Lehmann Wine & Spirits to bring Algodon Fine Wines' portfolio of award-winning Malbec wines produced in the San Rafael, Mendoza wine region of Argentina to the U.S. This partnership represents Algodon Fine Wines' initial U.S. retailer. Sherry-Lehmann Wine & Spirits is a foremost wine and spirits merchant.

Algodon has completed the strategic acquisition of more land directly adjacent to the existing Algodon property. The new parcel measures 845 hectares or 2,088 acres. This more than doubles the size of Algodon Wine Estates.

 

 

 

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