ALGODON MANSION RECEIVES INTERNATIONAL AWARD OF EXCELLENCE

FOR IMMEDIATE RELEASE

ALGODON MANSION RECEIVES INTERNATIONAL AWARD OF EXCELLENCE

NEW YORK, NY – (August 18, 2016): Algodon Mansion in Buenos Aires was today honored with an Experts' Choice Award for 2016 from TripExpert, which rates hotels and restaurants around the world based on reviews from journalists and professional travel writers.

"Our expert sources recommend Algodon Mansion as possibly the finest hotel in Buenos Aires", said Chris Blume, TripExpert's Chief Content Officer. "They credit the immense attention to customer comfort as a strong factor that pushes this luxury hotel above the rest."

With a TripExpert Score of 79, and with multiple endorsements from leading publications including Frommer's, Travel + Leisure and Fodor's, Algodon Mansion is currently one of the highest rated hotels in Buenos Aires on TripExpert.com.

About Tripexpert

TripExpert rates and ranks hotels, restaurants and tourist attractions based on expert reviews from 70+ leading travel guides, magazines and newspapers, including Frommer’s, Condé Nast Traveller and Forbes Travel Guide. TripExpert provides an alternative to user review sites. The company is based in New York City.

About Algodon Mansion
Algodon Mansion Mansion is the first Relais & Châteaux hotel in Buenos Aires, and features 10 spacious luxury suites - some exceeding 1,200 square feet and all keeping with the stately property's Belle Epoque architecture. Exuding old-world Argentinean charm while providing state-of-the-art luxuries, Algodon Mansion includes 24-hour concierge service, a fine-dining restaurant serving Argentine and French-fusion cuisines, a wine cellar, lobby bar, a covered outside patio and fireplace, and a luxurious rooftop pool, sauna, spa and bar.

Important Notes:
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. This press release may contain certain statements of a forward-looking nature relating to future events or future business performance. Any such statements that refer to Algodon Wines & Luxury Development Group (Algodon Group) and its respective subsidiaries ("the Company") estimated or anticipated future results or other non-historical facts are forward-looking and reflect the Company's current perspective of existing trends and information. These statements involve risks and uncertainties that cannot be predicted or quantified and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. The forward-looking statements speak only as of the date set forth above. The Company undertakes no obligation to update publicly any forward-looking statement, whether because of new information, future events or otherwise.

Media/Analyst Contact:
Algodon Group
Eric Stear, Corporate Communications & Marketing Manager
212.739.7669
RStear@AlgodonGroup.com