The Siegel Group
An American privately held real-estate, hospitality, entertainment, and flexible-stay housing company headquartered in Las Vegas.
Last updated August 26, 2026
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Overview
The Siegel Group, Inc. is a privately held American real-estate and hospitality company based in Las Vegas, Nevada. Founded in 2001 by Steve Siegel, the company built its business around acquiring existing hotels, motels, apartment complexes, and commercial properties and repositioning them for new uses. Its portfolio has included conventional apartment communities, extended-stay hotels, flexible-stay housing, casinos, boutique hotels, retail properties, and entertainment-oriented real estate. The company's best-known operating brands are Siegel Suites and Siegel Select. These properties generally provide furnished or partly furnished accommodation with flexible rental terms, serving residents who may not qualify for or prefer conventional long-term leases. The group has operated properties in several U.S. states, with a particularly strong presence in Nevada and the Las Vegas market. By 2022, the company reported or was described as operating approximately 12,000 units across its portfolio. The Siegel Group has frequently expanded through the purchase of underperforming, closed, or unfinished properties. It has then renovated, renamed, converted, or redeveloped them. Examples include the conversion of the former St. Tropez hotel into the boutique Rumor hotel, the ownership of Gold Spike Hotel and Casino in downtown Las Vegas, and efforts to repurpose the Atrium Suites property near the former Hard Rock Hotel. The company has also acquired properties in Arizona, Texas, Oklahoma, and other locations, reflecting a strategy of geographic expansion through opportunistic real-estate acquisitions. Its Las Vegas activities have extended beyond lodging. The group has acquired parcels and existing properties in and around downtown Las Vegas and the northern Las Vegas Strip, including retail and hospitality sites. It has also operated or developed food-and-beverage and entertainment-related uses in acquired buildings. Siegel Cares, the group's philanthropic division, organizes charitable events, donations, and housing assistance. The company and its leadership have also faced public criticism. During the COVID-19 pandemic, a U.S. House of Representatives subcommittee investigating evictions identified The Siegel Group as one of four corporate landlords that continued eviction-related activity despite the federal eviction moratorium issued by the Centers for Disease Control and Prevention in September 2020. The subcommittee characterized reported company practices as unusually severe, citing allegations involving late-night security visits, replacement of air-conditioning equipment with nonfunctional units, and referrals to government agencies. These allegations became a prominent part of the company's public profile, although the available reference material does not establish a final judicial determination for every allegation. Steve Siegel has served as the company's chief executive officer and president. Judith Siegel has been identified as executive vice president, while Michael Crandall has been identified as senior vice president. The Siegel Group remains an active private company whose operations are centered on property acquisition, redevelopment, hospitality, and flexible-stay accommodation.
History
The Siegel Group was established in 2001 by Steve Siegel, who became its chief executive officer and president. From its early development, the company pursued a property-acquisition model rather than relying solely on new construction. It bought existing hotels, apartment complexes, and other real-estate assets and sought to renovate, rename, convert, or otherwise reposition them for different market segments. One of its principal operating concepts became Siegel Suites, a chain of furnished or flexible-term apartment properties. By 2009, the chain operated communities in Las Vegas and Mesquite, Nevada, with approximately 3,000 units. The group later expanded the model through Siegel Select and related extended-stay properties. These operations targeted residents and travelers seeking accommodation with fewer conventional leasing requirements than standard apartment housing. The company also entered the downtown Las Vegas casino and entertainment market. It owned the Gold Spike Hotel and Casino from February 2008 until April 2013, when the property was sold to Downtown Project, the organization associated with Tony Hsieh. The transaction ended the group's ownership of that particular casino property but did not end its wider involvement in Las Vegas hospitality and commercial real estate. The Siegel Group acquired the Mount Charleston Hotel and renamed it Resort on Mount Charleston. It later bought the closed St. Tropez hotel in Las Vegas, a 150-room property located near the Hard Rock Hotel. After renovation, the property reopened in 2010 as Rumor, a boutique hotel. The group sold Rumor in 2017 to Hong Kong-based buyers, who subsequently renamed it Serene Vegas. Another major project involved Atrium Suites, a hotel near the Hard Rock. The building had been expected to reopen after renovation in 2009, but financial difficulties prevented that plan. The Siegel Group acquired the property in 2011 and initially considered reopening it under a new name in 2013. The six-story structure was described as the largest building then owned by the company, but the property remained closed while the company evaluated possible uses. It was placed on the market in 2016, after which the group considered converting it into apartments and an extended-stay facility. In 2019, Steve Siegel announced plans to demolish the building and replace it with a new Siegel Suites property. A separate ground-up Siegel Suites project in Las Vegas had begun construction in 2017. The company expanded outside Nevada through acquisitions. In June 2015, it bought an Arizona property from Legacy Suites for $8.3 million. In 2017, it purchased three buildings in Houston, Oklahoma, and San Antonio for approximately $18.94 million. In May 2019, it acquired two Las Vegas buildings for $8.35 million, with plans to develop an eatery-oriented destination. The available source material reports these transaction values but does not provide a complete financial history for the company. The group's public reputation was significantly affected by its conduct during the COVID-19 pandemic. A House of Representatives subcommittee investigating evictions found that The Siegel Group was among four corporate landlords that continued eviction activity despite the CDC moratorium announced in September 2020. The committee report described alleged practices including nighttime visits by security personnel, replacing air-conditioning units with nonfunctional units, and contacting Child Protective Services or animal-control authorities regarding tenants. The report characterized the tactics as aggressive and unusually severe. These allegations are an important part of the company's documented history, though the reference material does not provide a comprehensive account of subsequent litigation or final adjudications. By 2022, The Siegel Group operated approximately 12,000 units across multiple U.S. states. It continued to acquire Las Vegas-area assets, including land on the northern Las Vegas Strip in 2022 and the Gateway Motel property in 2024. It also expanded its downtown Las Vegas retail presence through property acquisitions near Fremont Street. Alongside its commercial activities, the company operates Siegel Cares, a philanthropic division involved in donations, events, and housing assistance. The company remains active and privately held, with its business centered on property acquisition, redevelopment, hospitality, and flexible-stay housing.
- 2024
Gateway Motel acquired
[1]The Siegel Group purchased the Gateway Motel property as part of its continuing lodging-property expansion.
- 2022
Northern Las Vegas Strip land acquired
[1]The company acquired a parcel on the northern Las Vegas Strip.
- 2020
Pandemic eviction practices investigated
[1]A House subcommittee investigating COVID-19-era evictions criticized the company's alleged tenant-removal practices during the federal moratorium.
- 2019
Atrium Suites replacement plan announced
[1]Steve Siegel announced plans to demolish Atrium Suites and replace it with a newly built Siegel Suites property.
- 2017
Multi-state expansion and Rumor sale
[1]The group acquired properties in Houston, Oklahoma, and San Antonio, while Rumor was sold to Hong Kong-based buyers and later renamed Serene Vegas.
- 2015
Arizona acquisition
[1]The Siegel Group acquired a property in Arizona from Legacy Suites for $8.3 million.
- 2013
Gold Spike sold
[1]The company sold Gold Spike Hotel and Casino to Downtown Project.
- 2011
Atrium Suites acquired
[1]The company purchased the closed Atrium Suites property near the Hard Rock Hotel and evaluated multiple redevelopment options.
- 2010
Rumor boutique hotel opens
[1]The former St. Tropez hotel reopened after renovation under the Rumor boutique-hotel name.
- 2009
Siegel Suites reaches approximately 3,000 units
[1]The Siegel Suites chain operated apartment properties in Las Vegas and Mesquite, Nevada, totaling about 3,000 units.
Products and positioning
A Las Vegas-centered property acquisition and redevelopment group focused on affordable and flexible-stay accommodation, hospitality assets, and opportunistic commercial real estate.
Flexible-stay apartments and extended-stay lodging
Siegel Suites
Siegel Suites is the group's principal flexible-stay accommodation brand. Its properties combine apartment-style living with furnished or extended-stay arrangements and are designed for customers who need temporary or lower-commitment housing. The chain has operated in Nevada and other U.S. markets, including both converted properties and planned ground-up developments.
Extended-stay lodging
Siegel Select
Siegel Select is an associated extended-stay accommodation brand within The Siegel Group's portfolio. It reflects the company's broader emphasis on flexible-term lodging and residential use of acquired hotel or apartment properties. Specific property-level offerings and current locations vary by market.
Boutique hotel · 2010
Rumor
Rumor was a boutique hotel created through the renovation and reopening of the former St. Tropez hotel in Las Vegas. The 150-room property reopened under the Rumor name in 2010. The Siegel Group sold it in 2017, after which new owners renamed the property Serene Vegas.
Corporate philanthropy
Siegel Cares
Siegel Cares is the philanthropic division associated with The Siegel Group. Its activities include charitable events, donations, and housing assistance. The initiative complements the company's housing-oriented operating model, although the available reference material does not provide a detailed list of programs or annual giving totals.
Controversies
2020
Alleged aggressive pandemic-era eviction practices
A U.S. House subcommittee investigating evictions during the COVID-19 pandemic identified The Siegel Group as one of four corporate landlords that continued eviction-related actions despite the CDC moratorium. The committee report described allegations involving nighttime security visits, nonfunctional replacement air-conditioning units, and contacts with child-protection and animal-control agencies. The source material does not establish a final adjudication for all reported conduct.
Marketing campaigns
- Siegel Cares charitable initiatives
United States
Through Siegel Cares, the company organizes charitable events, makes donations, and provides housing assistance in connection with its communities and operating markets.
Outcome. The available source material confirms the existence of the philanthropic division but does not quantify its total reach or financial impact.
Brand decisions
2024
Acquire Gateway MotelM&ABackground
The company continued acquiring lodging assets in the Las Vegas market.
Action taken
The Siegel Group acquired the Gateway Motel property.
2022
Acquire northern Las Vegas Strip landM&ABackground
The company continued building its Las Vegas-area property portfolio through acquisitions.
Action taken
The Siegel Group purchased a parcel on the northern Las Vegas Strip.
Aftermath
The available reference material does not specify the completed development or the property's final use.
2019
Replace Atrium Suites with a Siegel Suites developmentStrategyBackground
Atrium Suites had remained closed after earlier renovation and reopening plans failed to materialize.
Action taken
Steve Siegel announced that the building would be demolished and replaced by a newly constructed Siegel Suites property.
Aftermath
The announcement represented a shift from repeatedly renovating the existing hotel to pursuing a ground-up flexible-stay housing project.
2010
Reopen St. Tropez as RumorStrategyBackground
The company acquired the closed St. Tropez hotel in Las Vegas and sought to reposition it in the boutique-hotel segment.
Action taken
The property was renovated and reopened in 2010 under the Rumor name.
Aftermath
The Siegel Group later sold the hotel in 2017; subsequent owners renamed it Serene Vegas.
Sources1 sources
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