Real Equity Estate Private Agribusiness
zzAlgodon Mansion Mr. Mathis returned to his colleagues in New York, but had difficulty convincing them that Argentina warranted their attention. He flew them down to Buenos Aires to see for themselves. In the end they decided to invest, purchasing a prime asset in the city’s Recoleta neighborhood. It soon became Algodon Mansion, a highend boutique hotel. Over the last five years, the Mansion has become one of the top boutique hotels in South America, fea-
tured in Condé Nast Traveler and the New York Times, among other publications.
zzMendoza
70-acre olive orchard, which formed the foundation of Algodon Wine Estates & Champions Club.
Mr. Mathis knew, however, that a single hotel property couldn’t constitute an investment portfolio. So Algodon Partners began looking for more assets in the still-underpriced Argentine market, and found what they wanted near San Rafael in southern Mendoza, known as the Napa Valley of Latin America.
“I’d found multiple places in northern Mendoza that I was interested in buying,” Mr. Mathis says, “but when I went to see this one in the south, I saw the beauty of the place, its maturity; and given the price comparison, I understood the value and negotiated to buy the property that week.”
There, the firm purchased a 760-acre vineyard estate with a 9-hole golf course and
Algodon then bought adjacent properties. It currently owns 2,050 acres and is in ne-
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