siegel group
The Siegel Group Continues Expansion of Its Siegel Select Extended-Stay Brand With Three-Property Acquisition
The Siegel Group | May 18, 2022
LAS VEGAS--The Siegel Group (www.siegelcompanies.com), a real estate investment and management company announced that it had acquired three extended-stay properties for just under $18.94 million. With these acquisitions, The Siegel Group expands its Siegel Select® brand into the new markets of Oklahoma City, Houston and San Antonio and increases the total number of Siegel Suites® (www.siegelsuites.com) and Siegel Select® (www.siegelselect.com) properties throughout the United States to 59. The Siegel Group, which operates a sizable commercial real estate portfolio consisting of apartments, extended-stay hotels, flexible-stay apartmen...
The Siegel Group Nevada Acquires Four Extended-Stay Properties for $14 Million to Operate Under Siegel Select Brand
The Siegel Group Nevada, Inc. | March 13, 2018
LAS VEGAS — March 13, 2018 — The Siegel Group Nevada, Inc. (www.siegelcompanies.com), a real estate investment and management company announced today that it had acquired a 500-unit portfolio of four extended-stay properties previously operated under the Crossland Economy Studios brand for $14 million for an average of $28,000 per key. This portfolio acquisition brings the total of Crossland locations to five that the Las Vegas-based company has acquired in the past fifteen months and increases the number of Siegel-branded properties throughout the United States to 46. With these acquisitions, The Siegel Group expands its Si...
The Siegel Group Acquires San Antonio’s Former Budget Lodge Extended Stay Hotel for $3.3 Million
The Siegel Group Nevada, Inc. | August 30, 2017
LAS VEGAS — The Siegel Group Nevada, Inc., a real estate investment and management company founded by Stephen Siegel, announced today that it had purchased the former Budget Lodge Extended Stay Hotel for $3.30 million in San Antonio. The acquisition is characteristic of The Siegel Group's investment strategy, as the property presented a value-add opportunity resulting from issues of mismanagement and deferred maintenance at a price well below replacement cost. This acquisition increases the number of Siegel Suites® and Siegel Suites Select® properties throughout the southwestern United States to 42 and marks the second loc...
The Siegel Group Completes Sale of Las Vegas’ Rumor Boutique Hotel for $18 Million
The Siegel Group Nevada, Inc. | January 25, 2017
LAS VEGAS —February 25, 2017 — The Siegel Group Nevada, Inc., a real estate investment and management company founded by Stephen Siegel, announced today that it had completed the sale of the Rumor Boutique Hotel for $18 million. The buyer was an international investment group based out of China which paid the full listing price, which was over 70% higher than the price paid for the property - a testament to the Siegel Group's ability to identify under-valued assets and utilize its hands-on management style and creativity to add substantial value to assets it acquires. The Rumor brand was not included as part of the sale and ...
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