on Gaucho Group Holdings, Inc. (NASDAQ:VINO)

Gaucho Holdings Engages Renowned Architect Gerhard Heusch for Algodon Mansion Renovations

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Gaucho Group Holdings, Inc. (NASDAQ: VINO) has announced that architect Gerhard Heusch will lead new renovation projects at Algodon Mansion. The enhancements include a showroom and sales office for Algodon Wine Estates, as well as the addition of a new 1,300 sqft Royal Suite and a lobby upgrade featuring a piano bar.

These renovations align with the increased business and tourism under President Javier Milei's administration. Algodon Mansion, located in Buenos Aires, aims to become a premier luxury destination and an ambassador for Gaucho Holdings' $100 million vineyard real estate project.

Algodon Mansion is known for its Belle Époque architecture, combined with modern amenities including a 24-hour concierge, a wine cellar, and a rooftop pool. Gerhard Heusch, who led the initial renovations pre-2009, will be at the helm of these new improvements.

CEO Scott Mathis emphasizes the strategic value of these upgrades in boosting the real estate portfolio of Gaucho Holdings. The company aims to capitalize on Argentina's current business-friendly environment, reflecting its commitment to enhancing property value in this market.

R. E.

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