Stephen Garrett Siegel
Stephen Garrett Siegel also known as Steve Siegel (born January 26, 1971) is an American entrepreneur and commercial real estate investor. He is the founder and chief executive officer of The Siegel Group Nevada, Inc. He is also the founder and chief executive officer of Amazing Brands, LLC.[1][2]
Early life and career
[edit]Siegel was born on January 26, 1971. He attended and dropped out from Emerson Junior High School.[3]
Business ventures
[edit]Siegel expressed his desire to become an entrepreneur at the young age of 15. After moving out of his family home to live on his own in Los Angeles, Siegel supported himself by working at McDonald's . After his time at McDonald's, he met a mentor in the automotive industry where he began buying and selling cars. In 1991, Siegel had invested his savings accumulated from his car venture, partnering with a friend to launch Unique Sounds, a car stereo and alarm store.[4][5]
In 1992, at 21, he started Prestige motors, a one-bay mechanical auto repair shop that evolved into a $2 million auto collision business and used the proceeds for other ventures. After selling Prestige Motors, Siegel utilized the proceeds to acquire a 50% stake in Uncle Howie Products, a struggling business involved in the manufacturing of children's upholstered furniture. In 2000, Siegel acquired McAlister's Collision Center from the verge of bankruptcy.[4][6]
Real estate development
[edit]While managing McAlister's Collision Center, Siegel started acquiring commercial real estate properties in 2001. Siegel then launched a property management company that operated out of his body shop to oversee his real estate holdings. In 2006, he founded Siegel Suites, Siegel Group's flagship brand of apartments.[7] In 2014, Siegel founded Siegel Design & Development to oversee construction projects associated with the renovation of his commercial real estate portfolio, as well as ground up construction projects he was undertaking.[8]
Foods and Beverage
[edit]In 2018, Siegel came across Pinkbox Doughnuts, a donut shop based in Las Vegas.[9] Siegel created a new brand identity and experience for this doughnut shop and opened new locations. By 2020, Pinkbox Doughnuts had become a household name in Las Vegas.[10][11][12] In 2023, Pinkbox Doughnuts’ expansion into Nevada and Utah included 12 new locations, featuring the Plaza Hotel and Casino, the Las Vegas Raiders’ Allegiant Stadium, and sites in Primm, NV; Laughlin, NV; and St. George, UT. [13][14] These expansions were followed by partnerships and collaborations with renowned entities such as Blue Man Group, Live Nation, Care Bears and became the official doughnut partners of the Las Vegas Raiders and Vegas Golden Knights.[15]
In 2018, Siegel acquired Bagelmania, a small locals’ Jewish deli in Las Vegas established in 1989. After relocating and rebranding to Siegel’s Bagelmania, the new flagship location is a 10,000-square-foot restaurant and delicatessen next door to the Las Vegas Convention Center.[16][17][9]
In 2020, Siegel founded Amazing Brands, a company focused on creating, acquiring, and growing food and beverage concepts.
Personal life
[edit]Stephen Siegel is married to Judi Siegel, and they have two children.[18]
References
[edit]- ^ Modi, Priyanka; Staff, T. R. D. (2024-02-22). "Siegel Group buys four retail properties in Las Vegas for $11M". The Real Deal. Retrieved 2024-06-23.
- ^ "Stephen Siegel's Success Story: From Volkswagen to Vegas Empire | Converseer". converseer.com. 2024-05-09. Retrieved 2024-06-27.
- ^ Porambo, Angie (2007-09-02). "How I Did It: Stephen Siegel, CEO of the Siegel Group". The Siegel Group - Las Vegas, NV. Retrieved 2024-06-28.
- ^ a b "Siegel Group Inc". Los Angeles Business Journal. 2007-11-18. Retrieved 2024-06-23.
- ^ Guestblogger (2024-05-23). "Stephen Siegel's Success Story: From Volkswagen to Vegas Empire". Retrieved 2024-06-27.
- ^ "Stephen Siegel's Success Story: From Volkswagen to Vegas Empire". THE PARROT. Retrieved 2024-06-27.
- ^ "Any Connection between Siegel Suites and Bugsy Siegel?". Las Vegas Advisor. Retrieved 2024-06-23.
- ^ "Stephen Siegel - Las Vegas Sun News". lasvegassun.com. Retrieved 2024-06-23.
- ^ a b "GALLERY: Pinkbox Pahrump grand opening". Pahrump Valley Times. 2024-05-21. Retrieved 2024-06-23.
- ^ "Pinkbox Doughnuts to open in Boulder City, Nevada | Bake Magazine". www.bakemag.com. Retrieved 2024-06-23.
- ^ "Pinkbox Doughnuts Opening Location In Boulder City In 2024". 963kklz.com. 2024-04-09. Retrieved 2024-06-23.
- ^ "How a doughnut brand is raising dough through multiple sales channels". Restaurant Business. Retrieved 2024-06-22.
- ^ https://www.businesswire.com/news/home/20240226755301/en/The-Siegel-Group-Acquires-Downtown-Las-Vegas-Trophy-Property
- ^ "Former Atrium hotel near Las Vegas Strip to become Siegel Suites". Las Vegas Review-Journal. 2019-12-02. Retrieved 2024-12-03.
- ^ "Stephen Siegel - Las Vegas Sun News". lasvegassun.com. Retrieved 2024-06-23.
- ^ "Siegel's Bagelmania goes big with its new Las Vegas Strip-adjacent location - Las Vegas Weekly". lasvegasweekly.com. 2021-09-30. Retrieved 2024-06-23.
- ^ https://www.costar.com/article/924694998/the-siegel-group-expands-extended-stay-brand-with-three-property-purchase
- ^ Wargo, Buck (2010-10-22). "Q&A: Stephen Siegel". Las Vegas Sun. Retrieved 2024-06-28.