Editorial from Scott Mathis, Chairman & Founder - The Algodon
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The Algodon

Editorial from Scott Mathis, Chairman & Founder

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Friends,

I am excited to share with you the latest updates regarding our current properties: Algodon Wine Estates in Mendoza and Algodon Mansion in Buenos Aries.  I am currently in Buenos Aries and just stopped by the mansion.  The façade cover has finally been removed after months and months of diligent restoration and I must say it is spectacular, and clearly one of the most impressive buildings in Recoleta.  There are beautiful details in its 1912 belle époque architecture that we have never seen before...even better than I could have expected.  Truly super nice, I think our investors will be extremely pleased and will love what they see.  As with any project, there have been numerous changes, delays, and problems, etc., but overall, I am very pleased with the progress and what the team in Argentina has accomplished.  Algodon Mansion is moving forward nicely and will be open in less than 5 months.  So get ready to book your rooms!  Though the mansion is small (20,000 sq. ft.), it will certainly be one of the most exquisite hotel properties any of us have ever stayed in (and I make that a promise).  Being listed recently as one of this year's "Hottest New Hotel Openings" (BlackBook Magazine) is the first of many such distinctions, I'm certain.

As far as Algodon Wine Estates, as you know our golf course began with 9-holes and we quickly began building the back 9.  The 18-holes have now been excavated, shaped, with fairways, greens, and tees complete.  The drainage piping and sprinkler system is currently being installed, and the grass will be planted within the next 2 months.  The full 18-hole championship course will be open in May 2009.  We are working fast over here!  That progress alone should add some nice value to the project!

--Scott Mathis

For weekly insights and updates on our property developments, be sure to subscribe to Scott's personal blog at www.ScottMathis.com. 

Scott Mathis is the founder and Chairman of DPEC Partners, and as its driving force, he continues to create entrepreneurial ground-floor investment opportunities for high net-worth investors. With over 25 years in the financial industry, he has extensive experience in business, investment and management in both North and South America, and his wide-ranging entrepreneurial endeavors include conceiving and developing the luxury brand, Algodon. His experience includes positions at Merrill, Lynch, Pierce, Fenner and Smith, a partner at Oppenheimer and Company, as well as positions at Gruntal, Alex Brown and Sons, and The Boston Group. He is also the founder of DPEC Capital, Inc. (member of FINRA, SIPC, and SIA), InvestProperty Group, LLC, Algodon Properties, and InvestBio, Inc. Mr. Mathis has served on numerous boards throughout his career including the Board of Directors of The Vaccine Company and Kinexis, Inc. (which is currently performing early stage research for an Alzheimer's vaccine). He also serves as an observer on the Board of Directors for AmpliMed, Corp.

 

waspish