News

Hotel AKA Alexandria, located in charming Old Town, Alexandria, Virginia, just minutes from Washington D.C., is Interior Design Magazine’s 2023 Best of the Year winner of the top prize for a hotel transformation in the United States.

AKA, the global leader in Serviced Residences, is featured in Dezeen for its award-winning design.

AKA, the brand, founded in 2005 by the visionary hotelier, Larry Korman, represents an ethereal quality of calm, tranquility, spaciousness, a sense of home, and a sanctuary in an urban setting that is otherwise noisy, hectic, and chaotic. These brand qualities have guided the creation of AKA Hotel Residences and more recently Hotel AKA.

At Korman Communities, our approach to employee satisfaction extends beyond mere policy — it's woven into the fabric of our identity. As a family-run business, we believe in treating every team member with respect, encouragement, and support one would expect, where all team members are given the same opportunities to grow and develop in their careers.

On October 24, 2023, Korman Communities and its partners, Ensemble Real Estate Investments and Mosaic Development Partners, officially broke ground for constructing AVE Navy Yard, the first residential development to be built at the Philadelphia Navy Yard.  The groundbreaking ceremony for this historic event was recorded by Korman’s videographer Rich Hall.  We are pleased to share with you some of the highlights of that event, including a transcript of the video.

The allure of real estate as an investment option remains robust, offering significant potential for long-term gains. However, navigating this landscape to achieve investment objectives can be daunting, primarily due to the specialized focus of many real estate firms, which may restrict their ability to maximize investment returns. This specialization contrasts sharply with Korman's comprehensive approach.