the siegel group
The Siegel Group Expands Siegel Select® Extended-Stay Brand With Portfolio Acquistion
The Siegal Group | June 14, 2022
LAS VEGAS--The Siegel Group (www.siegelcompanies.com), a real estate investment and management company announced today that it had acquired a portfolio of five extended-stay properties previously operated under the Hamilton Inn Extended-Stay brand for $29 million. These acquisitions increase the number of Siegel Suites® (www.siegelsuites.com) and Siegel Select® (www.siegelselect.com) properties throughout the United States to 66 and marks the brand’s first location in Georgia and its further expansion into the Tennessee market. These locations are in addition to the company’s significant presence throughout Nevada, Arizona, Texas, Lou...
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 Completes Sale of Four Extended-Stay Properties for $184.5M
The Siegel Group | April 11, 2022
LAS VEGAS - April 11, 2022 - The Siegel Group, a real estate investment and management company, announced today that it had sold four extended-stay properties in an off-market transaction for $184.50 million at a blended per unit cost of approximately $167,400. Each property was operated under the company’s successful Siegel Suites® brand of flexible-stay communities which has locations throughout the United States. These assets were sold unencumbered of the Siegel Suites brand. The properties sold included two assets in the Las Vegas market totaling approximately 400 units and another two locations in the Phoenix market totaling just...
The Siegel Group Completes Sale of Artisan Hotel Boutique for $11.9M
The Siegel Group Nevada, Inc. | March 25, 2022
LAS VEGAS, NV – March 25, 2022 – The Siegel Group Nevada, Inc., a Commercial Real Estate & Development Company, announced today that it had completed the sale of the Artisan Hotel Boutique; a 64-room boutique hotel located in Las Vegas, Nevada. The sale price was $11.90 million. The Siegel Group is proud to be one of the first companies to have brought boutique hotels to Las Vegas starting in 2007. As a long-time leader in off-strip, boutique hotel properties, The Siegel Group not only brought this unique style to Las Vegas with the Artisan Hotel Boutique, but also with The Gold Spike Hotel & Casino, Oasis at Gold Spike, The Re...
The Siegel Group Acquires Former Amerihome Inn & Suites in Houston, Texas
The Siegel Group Nevada, Inc. | May 3, 2021
LAS VEGAS - May 3, 2021 - The Siegel Group Nevada, Inc., a real estate investment and management company, announced today that it had acquired the former Amerihome Inn & Suites located in Houston, Texas. This acquisition increases the number of Siegel Suites and Siegel Select properties throughout the United States to 60 and marks the brand’s third location in the Texas market. These locations are in addition to the company’s significant presence throughout Nevada, Arizona, Louisiana, New Mexico, Tennessee, Mississippi, Alabama, South Carolina and Ohio. The Siegel Group, which operates a sizable commercial real estate portfolio con...
The Siegel Group Nevada Acquires Two Budgetel Extended Stay Hotels in Alabama
The Siegel Group | July 1, 2020
LAS VEGAS - The Siegel Group Nevada, Inc., a real estate investment and management company, announced today that it had acquired two former Budgetel extended stay hotels in Birmingham, Alabama. These acquisitions increase the number of Siegel Suites® and Siegel Select® properties throughout the United States to 58 and mark the brand’s second and third locations in the Alabama market. These locations are in addition to the company’s sizable presence throughout Nevada, Arizona, Texas, New Mexico, Louisiana, Tennessee, Mississippi, Alabama, South Carolina and Ohio. “We opened our first Siegel Select location in Montgomery, AL just un...
The Siegel Group Nevada Acquires 244-Unit Hotel in Albuquerque, New Mexico
The Siegel Group Nevada, Inc. | November 29, 2017
LAS VEGAS - The Siegel Group Nevada, Inc., a real estate investment and management company announced today that it had acquired a 244-unit hotel property located in Albuquerque, New Mexico that was previously operated under both the Travelodge® and Super 8® motel brands for $4 million. This acquisition, which is characteristic of The Siegel Group's investment strategy of acquiring underperforming, value-add assets substantially below replacement cost, increases the number of Siegel Suites® and Siegel Suites Select® properties throughout the southwestern United States to 42 and marks the second location The Siegel Group h...
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...
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