New Valley Corporation · Miami, FL United States
Company Description
More Companies in: Miami, Florida
More Companies in These Related Industries: Commercial Rental Property
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This link will open in a new window New Valley seeks new opportunities as a real estate company and subsidiary of cigarette purveyor Vector Group . New Valley owns half of New York City residential brokerage Douglas Elliman Realty, which operates nearly 60 offices in the New York metropolitan area. Through Preferred Empire Mortgage, New Valley also engages in mortgage brokerage services in New York and Long Island. New Valley owns a 50% interest in Sheraton Keauhou Bay Resort & Spa in Hawaii and has stakes in a master-planned community in California and townhomes and condos in Manhattan To read the full description, subscribe now.
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Key New Valley Corporation Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Employees | 123 |
New Valley Corporation Executives
3 executives listed for New Valley Corporation's Miami, FL location.
| Title | Name & Bio | Contact |
| President and CEO | Howard Lorber | |
| VP, CFO, and Treasurer | J. Bryant Kirkland | |
| VP, Associate General Counsel, and Secretary | Marc Bell |
Competition
Competitive Landscape for New Valley Corporation
Business and tourist travel drive demand. Both are affected by the strength of the economy. The profitability of individual companies depends on efficient operations, because many costs are fixed, and on effective marketing. Large companies have advantages in economies of scale in operations, can more easily raise capital, and have strong name recognition. Small companies, such as boutique hotels, can compete effectively in favorable locations and by providing specialty services. A hotel business requires large amounts of capital, but operations are labor-intensive: average annual revenue per employee is around $80,000. To read the full description, subscribe now.Top New Valley Corporation Competitors
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