The Siegel Group

The Siegel Group, Inc. is an American diversified company based in Paradise, Nevada and Studio City, California. It owns and operates boutique hotels, hotel casinos, restaurants, apartments, bars, office buildings, retail franchises and shopping centers.

The Siegel Group, Inc.
Industryreal estate
Founded2001
Headquarters
Paradise, Nevada
Area served
Studio City, California
Key people
Steve Siegel (President & CEO)
Productsboutique hotels, hotel casinos, restaurants, apartments, bars, office buildings, retail franchises and shopping centers
DivisionsSiegel Suites
Siegel Select
Websitewww.siegelcompanies.com

Properties

Apartments
  • 36 flexible stay apartment communities in Nevada, South Carolina, Arizona, Texas, Louisiana, Mississippi and New Mexico, operated by The Siegel Group under the Siegel Suites brand.
  • 13 extended stay communities in Nevada, New Mexico, Louisiana, Alabama, Mississippi, Tennessee and Arizona, under the Siegel Select brand.[1]

Hotel/casinos

Boutique hotels

Shopping centers / office buildings
  • Siegel Plaza: 700 E. Naples, Las Vegas, Nevada, near McCarran Airport
  • Laurel Plaza: 12080 Ventura Place, Studio City, California
  • Las Vegas office building: 3790 Paradise Rd, Las Vegas, Nevada[2][3]

History

The Siegel Group was founded in 2001 by Steve Siegel, who serves as chief executive officer and president of the company.[4] It maintains corporate offices in Paradise, Nevada, and Sherman Oaks, California. It has 1000 employees and has been listed as one of Inc. Magazine's 500 fastest-growing private businesses.

The Siegel Group owned the Gold Spike Hotel and Casino in downtown Las Vegas from February 2008 until selling it in April 2013 to Tony Hsieh's Downtown Project. In June 2015, The Siegel Group acquired a property in Arizona from Legacy Suites for $8.3 million.[5] In May 2019, the group acquired two buildings in Las Vegas for $8.35 million and plans to turn them into a hub for eateries.[4]

As of 2019, Judith Siegel is executive vice president and Michael Crandall is senior vice president of the company.[4]

Growth

The Siegel Group has had rapid expansion in the past. In 2004, it had an annual revenue of $8.5 million[6] and $111 million by 2007.[6]

Management
  • Stephen Siegel - Chief Executive Officer & President
  • Judith Siegel - Executive Vice President
  • Michael Crandall - Senior Vice President
  • Sean Thueson, Esq. - General Counsel
  • Mike Tisdale - Senior VPO
  • Ross Siegel - Chief Information Officer
  • Chigozie Amadi - Chief Financial Officer
  • Mark Higler - VP for Admin & Finance
  • Michael Kurcz - VP Renovations & Facilities

References
  1. Las Vegas Review-Journal. "Siegel Group Nevada acquires two properties in $12 million deal". Las Vegas Review-Journal.
  2. "Las Vegas Business Press | Business News From Las Vegas". Las Vegas Business Press. Retrieved 2020-02-14.
  3. John Katsilometes. "The Siegel Group's building buy is its latest attempt to 'take over' Las Vegas". LasVegasSun.com.
  4. "Siegel Suites owner buys building near Las Vegas Strip". Las Vegas Review-Journal. 2019-07-12. Retrieved 2020-02-14.
  5. "Siegel Group acquires Arizona property for $8.3 million". Las Vegas Review-Journal. 2015-06-19. Retrieved 2020-02-14.
  6. "The Siegel Group - Las Vegas, NV". Inc.com.
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