Exhibit 21.1

 

Subsidiaries of Algodon Wines & Luxury Development Group, Inc.

 

1. InvestProperty Group, LLC, a Delaware limited liability company
   
2. Algodon Global Properties, LLC, a Delaware limited liability company
   
3. DPEC Capital, Inc., a Delaware corporation (dormant)
   
4. The Algódon – Recoleta S.R.L., an Argentine Sociedad de Responsabilidad Limitada (owned 100% through InvestProperty Group, LLC, Algodon Global Properties, LLC, and Algodon Properties II S.R.L.)
   
5. Algodon Europe Limited, a United Kingdom private company (owned 100% by InvestProperty Group, LLC)
   
6. Algodon Properties II S.R.L., an Argentine Sociedad de Responsabilidad Limitada (owned 100% through InvestProperty Group, LLC and Algodon Global Properties, LLC)
   
7. Algodon Wine Estates S.R.L., an Argentine Sociedad de Responsabilidad Limitada (owned 100% through InvestProperty Group, LLC, Algodon Global Properties, LLC, Algodon Properties II S.R.L. and The Algódon – Recoleta S.R.L.)