Gaucho Group Holdings, Inc. Announces $44 Million ELOC – AccessWire | NutSocia

Leverage financing now accessible to non-professionals to achieve growth and scale goals of the company’s diverse assets

MIAMI, FL / ACCESSWIRE / February 2, 2023 / Gaucho Group Holdings, Inc. (NASDAQ:VINO), a company that encompasses a growing collection of e-commerce platforms focused on fine wine, luxury real estate, and leather goods and accessories, today announced its growth strategy leveraging its previously announced strategy $44 million ELOC. With this funding, the company believes it can lay the groundwork for growth of its lodging, hospitality, wine and spirits, retail and e-commerce assets.

With an approved $44 million equity line of credit, the company says it now has a financing mechanism for its growth plans in 2023 and beyond. This includes expanding infrastructure for the development of its luxury wineries, Algodon Wine Estates, such as B. the construction of residential villas and commercial elements related to the property’s sports and hospitality businesses, as well as marketing efforts targeting the land sale program. The company previously announced that it expects its ticket sales program to generate $5 million or more in 2023 alone, and its planned 60-room hotel and spa (which is also expected to include 30-50 residences and for which the company is intended). co-branding with a luxury hotel brand) could generate an additional $25 million in revenue per year upon completion. With the addition of 200 additional properties under the Master Plan ranging in size from 2.47 acres to 6 acres, the Company anticipates the potential to generate revenues in excess of $100 million.

The plans also target the company’s high-end wine products, Algodon Fine Wines, which will include marketing efforts to further increase distribution channels, e-commerce sales and international markets such as Argentina’s neighbor Brazil, which is the world’s third largest market for online -Wine sale is.

The company intends to continue its efforts to accelerate the growth of its leather goods and accessories brand, Gaucho – Buenos Aires, which celebrated its flagship opening last year in the Miami Design District, which sits alongside widely recognized luxury retail brands such as Off White , Bottega Veneta, Gucci and Chanel and many others. The company intends to target e-commerce sales growth with an aggressive marketing campaign as well as the expected upcoming launch of its resort collection and a luggage and travel accessories collection later this year.

Scott Mathis, CEO and Chairman of Gaucho Holdings commented; “Being listed on Nasdaq is very important to our company’s loyal shareholders, future growth and maximizing exposure. As we grow and scale, we can use our shares as currency to execute a “roll-up” strategy for value-added acquisitions such as additional luxury brands. This $44 million ELOC can also be a major contributor to growth over the next 24 to 36 years Months ahead, our exceptional real estate project is expected to include a new spa, world-class fitness facilities, an 18-hole golf course expansion and also more winery casitas. Expected in Q4 2023, the restaurant renovation and finishing touches for the winery upgrade will enable them , now accommodating weddings and corporate events as well as other large gatherings. Additionally, San Rafael Airport is undergoing expansion and runway improvement to accommodate larger aircraft and more traffic, which may positively impact our ADRs and occupancy rates, as well as the value of our residential properties real estate, one of them g is currently generating positive cash flow from rental income and will be profitable for the company and we expect the other to have significant upside potential. We believe both are located in prime areas ripe for development and we believe the property valuations are positioned to allow for significant appreciation in value for years to come. Across all of our businesses, we now have the means to up our game and take our story out into the world as we continue to grow.”

About Gaucho Group Holdings, Inc.

For more than a decade, Gaucho Group Holdings, Inc. (’s mission has been to find and develop opportunities in Argentina’s undervalued luxury real estate and consumer markets. Our company is positioned to capitalize on the continued and rapid growth of global e-commerce across multiple market sectors with the goal of becoming a leading provider of diversified luxury goods and experiences in desirable lifestyle industries and retail landscapes. With a focus on fine wines ( &, hospitality ( and luxury real estate ( in conjunction with our own Algodon brand, as well as leather goods, ready-to-wear and fashion brand accessories Gaucho – Buenos Aires™ (, these are the luxury brands where Argentina finds its contemporary expression.

Cautionary Note Regarding Forward-Looking Statements

The information discussed in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements contained herein, other than statements of historical fact, concern, among other things, changes in the Foreign exchange rates and their effect on the company, planned investments, future cash flows and borrowings, the pursuit of potential acquisition opportunities, our financial condition, business strategy and other plans and objectives for future operations, forward-looking statements . Although we believe that the expectations reflected in these forward-looking statements are reasonable, they involve certain assumptions, risks and uncertainties and are not (and should not be relied upon as) guarantees of future performance. Consider our risk factors detailed in our reports submitted to Edgar. The Company disclaims any obligation to update any forward-looking statements contained herein.

media work:

Gaucho Group Holdings, Inc.
Marketing Manager
[email protected]

SOURCE: Gaucho Group Holdings, Inc.

Leave a Comment