Cole Schotz Represents Argentinian Boutique Hotel and a 4,000-Acre Vineyard Owner Gaucho Group Holdings, Inc. in its Chapter 11 Reorganization

Cole Schotz represented Gaucho Group Holdings, Inc. (GGH) in its Chapter 11 reorganization before the U.S. Bankruptcy Court for the Southern District of Florida, Miami Division. GGH owns and operates a boutique hotel in Buenos Aires and a 4,000-acre vineyard and residential development in Mendoza, Argentina. The restructuring centered on a $13 million loan dispute with GGH’s senior secured lender, which had initiated a UCC Article 9 foreclosure on GGH’s interests in the Argentinian assets. Through the Chapter 11 process, we successfully stayed the foreclosure, negotiated a cross-border settlement, and facilitated GGH’s emergence from bankruptcy. The resolution involved the creation of a security trust in Argentina and addressed approximately $45 million in assets and liabilities. GGH is now positioned to capitalize on Argentina’s economic recovery and renewed investor confidence. The Cole Schotz team included Luis Salazar, Jose Ceide, and Lorenzo Lorenzo, Jr.