Boutique Hotelier has named Larry Korman, President of AKA Hotel Residences and Co-CEO of Korman Communities, to its 2026 Power List as an Industry Titan. The list recognizes hospitality leaders who have built lasting businesses and whose decisions are closely followed across the sector. In its profile, the publication calls Larry “a pioneering force in establishing the luxury serviced residence as a distinct hospitality category.”
When Larry launched AKA in 2004, the industry treated hotels and furnished apartments as two separate businesses. AKA brought them together, offering the space and functionality of a luxury residence with the service, design, and amenities of a boutique hotel for stays of a week or longer. Since then, he has grown the brand across premier markets in the United States and London, and Boutique Hotelier credits AKA as a leader in flexible-stay accommodations.
The recognition also highlights the resident programs Larry has built into the AKA model. Live It! offers curated cultural programming in each destination. Atelier AKA Health + Wellness brings a complete approach to wellbeing. Access AKA extends the experience further with offerings such as AKA Canine Club, the “World’s First Private Membership for Dogs.” These programs give AKA a clear point of difference in its markets and help build long-term relationships with residents.
For investors and real estate partners, the honor reflects the operating experience behind every AKA property. Korman Communities develops, manages, and operates its residences, and Larry’s vision for the AKA brand is backed by five generations of real estate experience. As AKA continues to grow, we look forward to working with capital partners who share our long-term approach.
Read the full Industry Titans feature on Boutique Hotelier. To discuss partnership and investment opportunities with Korman Communities, contact our team.
ABOUT KORMAN COMMUNITIES
Korman Communities is a fifth-generation, family-owned real estate company with more than a century of experience in investment, development, and property management. Through its AVE and AKA brands, the company owns and operates luxury apartment communities, flexible-stay furnished apartments, and hotels and hotel residences across the United States and in London. Its integrated approach combines real estate expertise with hospitality-driven service to create exceptional living experiences and long-term value for investment partners.
