Siegel Group

What Siegel Group does

The Siegel Group, Inc. is a privately held commercial real estate investment, development, and management company founded in 2001 by Stephen Siegel and headquartered in Las Vegas, Nevada. The company acquires distressed and value-add commercial real estate assets — primarily multifamily, extended-stay, hotel-casino, retail, office/industrial, and development land — at discounts, renovates them, and either operates them under proprietary brands or sells for profit. Its core operating brands include Siegel Suites (flexible-stay furnished and unfurnished apartments rented weekly or monthly without long-term leases, with 2,500+ units in Las Vegas Valley alone), Siegel Select (extended-stay hotels in markets outside Nevada including Florida, Louisiana, Alabama, and New Mexico), and Siegel Slots & Suites (hotel-casino properties such as Gold Spike and Barcelona, operated in partnership with third-party gaming operators including United Coin Machine Co. and Leroy's Sports Book). Property management is centralized through its affiliate SASCO Properties.

The company's revenue model combines recurring rental and hospitality income (extended-stay weekly subscriptions, hotel/casino gaming and lodging revenue, food and beverage) with one-time transactional income (acquisition-and-flip value-add deals, land sales such as the 2024 $19M KB Home transaction). Target acquisition deal sizes range from $1M to $250M, and the company positions itself as a cash buyer capable of fast closing, with acquisition financing provided by partners such as First Republic Bank and Great American Capital. Customers are fragmented and B2C — primarily blue-collar workers on temporary assignments, Las Vegas locals, construction crews, and extended-stay travelers — with pricing on standardized weekly rates ($189-$269 per week for a furnished one-bedroom at Siegel Suites) and the Siegel's Club cross-property rewards program. As of 2024, the company holds properties across at least six states (Nevada, California, Arizona, Texas, New Mexico, Louisiana, Alabama, Florida, South Carolina), employs 51-100 people, and continues an active acquisition cadence led by founder and CEO Stephen Siegel.

Name

Siegel Group

Legal name

The Siegel Group, Inc.

Website

https://siegelcompanies.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

51–100 employees

Short description

Siegel Group is a Las Vegas-based private commercial real estate company that acquires distressed and value-add properties, renovates them, and operates them under its Siegel Suites (flexible-stay apartments), Siegel Select (extended-stay hotels), and Siegel Slots & Suites (hotel-casinos) brands across six-plus U.S. states.

Ownership category

akta.pro rank

Headquarters

HQ city

Matawan

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Property Rental Income: Extended-stay apartment rentals (Siegel Suites brand) offering flexible weekly and monthly terms without long-term lease commitments. Includes furnished and unfurnished units targeting construction workers, locals, and extended-stay travelers.
2. Hotel/Hospitality Operations: Hotel and casino operations including Gold Spike Hotel & Casino, Barcelona Hotel & Casino (renamed Siegel Slots & Suites), Artisan Boutique Hotel, Rumor Boutique Hotel, Sunrise Inn, The Resort on Mount Charleston, Travel Inn, Atrium Hotel. Revenue from gaming, lodging, food and beverage.
3. Property Acquisitions and Flip/Renovation: Acquiring distressed properties at discounts, renovating, repositioning, and either operating or selling for profit. Focus on distressed assets, redevelopment projects, and turnaround opportunities.
4. Retail and Land Development: Commercial retail properties and land development for residential and commercial use. Includes Las Vegas Blvd land acquisitions and retail centers.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Siegel Group is a Las Vegas-based commercial real estate investment and management company that acquires distressed, value-add, and opportunistic properties, renovates them, and either operates or sells them for profit. Its portfolio spans flexible-stay apartments (Siegel Suites), extended-stay hotels (Siegel Select), hotel-casino properties (Gold Spike, Siegel Slots & Suites, Artisan Hotel Boutique), retail centers, office and industrial properties, and development land across multiple U.S. states.

Product overview

Siegel Group is a commercial real estate development and management company offering a diversified portfolio of property types. The core offerings include Siegel Suites (flexible-stay apartments), Siegel Select (extended-stay hotels), hotel-casino properties (Gold Spike, Siegel Slots & Suites, Artisan Hotel Boutique), retail properties, office and industrial properties, and land development. The Siegel Suites brand provides furnished and unfurnished apartments without long-term lease commitments, while Siegel Select offers extended-stay hotel accommodations. Gaming properties operate under the Siegel Slots & Suites sub-brand with casino and hotel amenities.

Differentiator

Problem solved

Functional benefit

Brands

• Siegel Suites: Flexible-stay apartment properties providing short and long-term residences without long-term lease commitments. Properties include furnished and unfurnished units with weekly and monthly rental options.
• Siegel Slots & Suites
• Siegel Select
• Siegel Cares

Quantifiable outcome

• Properties typically become cash-flow positive within 90 days after acquisition
• +1 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core.

• Leroy's Sports BookcoreTechnology or Integration · 1 January 2009Operates sports book at Gold Spike property featuring betting on major sporting events, parlay cards, and promotions.
• United Coin Machine Co.coreTechnology or Integration · 1 January 2008Third-party casino operator managing gaming operations at Gold Spike and Barcelona/Siegel Slots & Suites properties until Siegel Group obtains gaming license. Handles slot machines, table games operation.
• John Tippins (Tippins Holding / Northcap Commercial)coreStrategic or Co-development PartnerBusiness partner in casino acquisitions including Gold Spike and Travel Inn. Major landowner in downtown Las Vegas through Northcap Commercial brokerage.
• SASCO PropertiescoreStrategic or Co-development PartnerAffiliate company managing operational control of acquired properties. Handles property management, renovations, and Siegel Suites branding.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Extended Stay America: Largest franchised extended-stay hotel operator in North America — directly comparable to Siegel Group's flexible-stay Siegel Suites and Siegel Select extended-stay brands.
• Station Casinos: Operates locals-oriented casinos, hotels, and entertainment in the Las Vegas Valley — directly overlapping with Siegel Group's Gold Spike and Siegel Slots & Suites gaming/locals focus in the same geography.
• WoodSpring Suites (Choice Hotels): Extended-stay weekly-rate hotel franchise — directly comparable to Siegel Select's extended-stay accommodations product.
• Golden Entertainment: Owns and operates Las Vegas locals casinos, taverns, and distributed gaming venues, plus a hotel/casino portfolio — comparable to Siegel Group's downtown Las Vegas gaming and extended-stay hospitality mix.
• Affinity Gaming Resorts: Regional casino and resort operator with multiple properties across Nevada and other states — comparable asset type and value-tier hospitality/gaming positioning as Siegel Group.
• Red Roof Inn: Budget hotel chain with Red Roof Inn, Red Roof PLUS+, and HomeTowne Studios — HomeTowne Studios is a direct brand match for Siegel Group's flexible-stay format.
• G6 Hospitality (Motel 6 / Studio 6): Owns and franchises the Motel 6 and Studio 6 budget lodging brands — Siegel Group recently acquired two Motel 6 hotels in New Orleans, making G6 a direct comparable on extended-stay/budget lodging economics.

Broad incumbents

• Boyd Gaming: Major multi-state casino and hospitality operator with extensive Las Vegas and regional exposure — broader incumbent with overlapping gaming and hotel operations versus Siegel Group's portfolio.
• Pebblebrook Hotel Trust: Hospitality-focused REIT with urban and resort hotel portfolio — comparable on hotel real estate ownership and operation, though larger and publicly traded.

Regional players

• Monarch Casino & Resort: Owns and operates the Atlantis Casino in Reno and the Black Hawk/Denver-area Monarch Casino — regional gaming/hospitality operator that overlaps with Siegel Group's Reno (Days Inn) and broader locals-casino strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/siegelgroup
• Facebookfacebook.com/siegelgroup
• LinkedInlinkedin.com/company/siegel-group
• Instagraminstagram.com/siegelcompanies

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Siegel Group