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The Siegel Group

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The Siegel Group, Inc.
Industryhospitality
Founded2001
FounderStephen Garrett Siegel Edit this on Wikidata
Headquarters
Las Vegas, Nevada
Area served
Arizona, Nevada
Key people
Steve Siegel (President & CEO)
Productsmultifamily housing, extended-stay apartments, hotels, commercial real estate
Number of employees
1,300 employees (2016) Edit this on Wikidata
DivisionsSiegel Suites
Siegel Select
Websitewww.siegelcompanies.com

The Siegel Group, Inc. is an American diversified real estate, entertainment, and hospitality company based in Las Vegas, Nevada. The company purchases existing hotel and apartment complexes, then converts them into other facilities across multiple U.S. states.[1] The company was criticized for its "uniquely egregious" tactics to evict tenants during the Covid-19 pandemic.[2]

History

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The Siegel Group was founded in 2001 by Steve Siegel, who serves as chief executive officer and president of the company.[3]

The Siegel Group also 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.[4]

By 2009, the Siegel Suites chain operated apartment complexes in Las Vegas and Mesquite, Nevada, totaling 3,000 units. Siegel had also purchased the Mount Charleston Hotel and renamed it as Resort on Mount Charleston.[5] Siegel Group later purchased the closed St. Tropez, a 150-room hotel in Las Vegas across from the Hard Rock Hotel.[6] The company renovated and reopened it in 2010, as a boutique hotel called Rumor.[7][8] Siegel eventually sold Rumor in 2017, to a group of Hong Kong buyers who renamed it Serene Vegas.[1]

Atrium Suites, a hotel located next to the Hard Rock, was planned to reopen in 2009, after renovations. However, the project encountered financial problems and never reopened.[9][10] The Siegel Group purchased it in 2011, and planned to renovate it and reopen it in 2013,[11][12][13] under a new name.[14] At six stories, Atrium Suites was the largest building ever owned by Siegel Group.[15] It was a significant part of the Siegel Group's portfolio, although it did not open as scheduled, as the company had not decided on how to use the building. Siegel Group had also been busy renovating other properties.[16] Siegel eventually put the hotel up for sale in 2016, then decided to convert it into an apartment and extended-stay facility.[17] In 2019, Siegel announced that he would tear down the closed Atrium Suites building and construct a Siegel Suites in its place. It would be the second Siegel Suites to be built from the ground up.[18][19] An earlier Siegel Suites began construction in Las Vegas in 2017.[1]

In June 2015, The Siegel Group acquired a property in Arizona from Legacy Suites for $8.3 million.[20] In May 2019, the group acquired two buildings in Las Vegas for $8.35 million with plans to turn them into a hub for eateries.[3]

A United States House of Representatives subcommittee investigating evictions during the COVID-19 pandemic found The Siegel Group to be one of four corporate landlords that continued to engage in evictions despite a moratorium issued by the Centers for Disease Control and Prevention in September 2020.[21][22] A report from the House subcommittee called The Siegel Group's tactics "aggressive" and outlined actions such as sending security to knock on tenants' doors during the night, replacing air conditioning units with nonfunctional units, and calling Child Protective Services and animal control services on tenants.[23][2]

The Siegel Group acquired a parcel of land on the northern Las Vegas Strip in 2022.[24] Two years later, the company acquired the Gateway Motel property.[25] The company has also expanded its retail footprint through acquisitions in downtown Las Vegas, including Fremont Street properties.[26]

Operations

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The Siegel Group's business model focuses on acquiring hotel and apartment properties and converting them into flexible-stay housing. The company operates apartment and extended-stay hotel properties under brands including Siegel Suites and Siegel Select.[1]

As of 2022, the company operated approximately 12,000 units across multiple U.S. states.[27]

As of 2019, Judith Siegel is executive vice president and Michael Crandall is senior vice president of the company.[3][28]

Siegel Cares is the philanthropic division of the Siegel Group which organizes events, provides donations, and offers housing assistance.[29]

References

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  1. 1 2 3 4 Segall, Eli (April 3, 2017). "Siegel Group developing 1st newly built Siegel Suites property". Las Vegas Review-Journal. Retrieved February 25, 2021.
  2. 1 2 "Report: Siegel Group execs used deception, harassment to evict tenants during COVID". Las Vegas Review-Journal. 2022-07-28. Retrieved 2022-07-29.
  3. 1 2 3 "Siegel Suites owner buys building near Las Vegas Strip". Las Vegas Review-Journal. 2019-07-12. Retrieved 2020-02-14.
  4. ↑ Katsilometes, John (15 April 2013). "In shedding Gold Spike, The Siegel Group reminds that anything's for sale". Las Vegas Sun. Retrieved 2 December 2025.
  5. ↑ "With eye for innovation, entrepreneur puts name on local lodging". Las Vegas Review-Journal. June 7, 2009. Retrieved February 25, 2021.
  6. ↑ "New owner plans 'high-end boutique resort' for St. Tropez". Las Vegas Sun. September 9, 2009. Retrieved February 25, 2021.
  7. ↑ "With new owner and look, Rumor welcomes first guests". Las Vegas Review-Journal. July 15, 2010. Retrieved February 25, 2021.
  8. ↑ Hodge, Damon (August 15, 2011). "Boutique hotel Rumor spreads word about value". Travel Weekly. Retrieved February 25, 2021.
  9. ↑ "Atrium Suites sells for $50.5 million, undergoes makeover". Las Vegas Business Press. September 21, 2007. Retrieved February 25, 2021 – via NewsLibrary.
  10. ↑ Green, Steve (October 1, 2009). "Company sues to block foreclosure sale of hotel". Las Vegas Sun. Retrieved February 25, 2021.
  11. ↑ Green, Steve (December 2, 2011). "Closed Atrium Suites hotel may be sold". VegasInc. Retrieved February 25, 2021.
  12. ↑ Green, Steve (January 6, 2012). "New owners of Atrium say property will reopen in 18 months or less". VegasInc. Retrieved February 25, 2021.
  13. ↑ Hodge, Damon (February 13, 2012). "Boutique hotel company purchases Atrium Suites". Travel Weekly. Retrieved February 25, 2021.
  14. ↑ Katsilometes, John (January 20, 2012). "With Atrium Suites renovation, Stephen Siegel is crafting a new signature". Las Vegas Sun. Retrieved February 25, 2021.
  15. ↑ Carroll, Laura (January 6, 2012). "Portfolio grows for Siegel Group". Las Vegas Review-Journal. Retrieved February 25, 2021.
  16. ↑ Carroll, Laura (February 16, 2013). "Siegel Group Nevada still working on plan for former Atrium Suites". Las Vegas Review-Journal. Retrieved February 25, 2021.
  17. ↑ Segall, Eli (September 17, 2016). "Investor Siegel looking to sell a few hotels in Southern Nevada". Las Vegas Review-Journal. Retrieved February 25, 2021.
  18. ↑ Segall, Eli (December 2, 2019). "Former Atrium hotel near Las Vegas Strip to become Siegel Suites". Las Vegas Review-Journal. Retrieved February 25, 2021.
  19. ↑ Segall, Eli (December 5, 2019). "Siegel Suites rental complex plans approved next to Hard Rock Hotel". Las Vegas Review-Journal. Retrieved February 25, 2021.
  20. ↑ "Siegel Group acquires Arizona property for $8.3 million". Las Vegas Review-Journal. 2015-06-19. Retrieved 2020-02-14.
  21. ↑ "These "corporate landlords" engaged in 15,000 evictions despite moratorium, House report says". NBC News. Retrieved 2022-07-29.
  22. ↑ "Their landlord got millions in rental assistance. They faced eviction". Las Vegas Review-Journal. 2021-06-20. Retrieved 2022-07-29.
  23. ↑ "Corporate landlords used aggressive tactics to push out more tenants than was known". NPR.org. Retrieved 2022-07-29.
  24. ↑ Katsilometes, John (5 April 2022). "The Siegel Group acquires 'last great piece of land available on the north Strip'". Neon Las Vegas Review-Journal. Retrieved 7 April 2026.
  25. ↑ Hemmersmeier, Sean (24 April 2024). "New owner plans to redevelop downtown Las Vegas motel". Las Vegas Review-Journal. Retrieved 7 April 2026.
  26. ↑ Blennerhassett, Patrick (21 February 2024). "Four Fremont Street properties sell for $11M". Las Vegas Review-Journal. Retrieved 7 April 2026.
  27. ↑ "Report: Siegel Group execs used deception, harassment to evict tenants during COVID". Las Vegas Review-Journal. 2022-07-28. Retrieved 2022-07-29.
  28. ↑ Smith, Ariel (7 Oct 2024). "This vibrant mural takes up entire 17 stories on Virginia Street building". Reno Gazette Journal. Retrieved 5 June 2026. Judith Perez Siegel, executive vice president of The Siegel Group, says ...
  29. ↑ Erickson, Briana (25 December 2018). "'Siegel Cares' Santa brings Christmas to apartments in Las Vegas". Las Vegas Review-Journal. Retrieved 15 April 2026.
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