The Lightstone Group LLC · Lakewood, NJ United States
Company Description
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This link will open in a new window Like a beacon in the night, Lightstone will lead you to lodging, food, and more. The company owns a portfolio of residential, commercial, retail, and industrial properties throughout the US and in Canada and Puerto Rico. It owns more than 19,000 residential units and about 700 hotel properties and a total of approximately 25 million sq. ft. of commercial space. The company has grown through major acquisitions, including the 2007 purchase of Extended Stay America , the 2003 purchase of Prime Retail and its Prime Outlets mall portfolio, and the 2005 purchase of Chicago property developer Prime Group Realty Trust . Chairman David Lichtenstein (German for "lightstone") founded the company in 1988. To read the full description, subscribe now.
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Key The Lightstone Group LLC Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | December |
| Employees | 780 |
The Lightstone Group LLC Executives
12 executives listed for The Lightstone Group LLC's Lakewood, NJ location.
| Title | Name & Bio | Contact |
| Chairman | David Lichtenstein | Network |
| President and COO | Peyton Owen | Network |
| EVP and General Counsel | Joseph Teichman | Network |
Competition
Competitive Landscape for The Lightstone Group LLC
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 The Lightstone Group LLC Competitors
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