We're excited to share that Larry Korman, President of AKA Hotels & Hotel Residences and Co-CEO of Korman Communities, was recently featured on The Modern Hotelier podcast with hosts David Millili and Steve Carran.
In this wide-ranging conversation, Larry takes listeners behind the scenes of the Korman family's remarkable century-long journey in real estate—from his great-grandfather's humble beginnings renting farmland in the early 1900s to today's fully integrated real estate company with a portfolio valued at approximately $4.8 billion.
Larry discusses how Korman Communities has consistently stayed ahead of industry trends, pioneering the furnished apartment concept in 1966 and later creating AKA—the luxury residences brand that redefined flexible-stay hospitality. He reflects on the company's unique approach to investment and development: a long-term vision, disciplined capital allocation, and an unwavering commitment to design excellence and guest experience.
Highlights from the conversation include:
- A Legacy of Real Estate Innovation — How five generations of the Korman family built one of the nation's most respected names in residential real estate, apartments, and hospitality
- The AKA Story — From a long journey naming the brand to becoming the residence of choice for discerning travelers seeking more than a hotel room
- Strategic Partnerships — Larry's collaboration with Airbnb's Brian Chesky and the founding of Airbnb Lux
- Investment Philosophy — Why Korman Communities focuses on long-term value creation, thoughtful growth, and operational excellence
- What's Next — Exciting plans for global expansion, wellness-focused hospitality, and new partnerships with world-class investors
Whether you're a hospitality professional, real estate investor, or simply interested in how a family business can thrive across generations, this episode offers invaluable insights into building enduring value in hotels, hotel residences, apartments, and residential real estate.
Korman Communities is a fifth-generation residential real estate company and premier investment partner specializing in hotels, hotel residences, luxury apartments, and residential real estate. With 41 properties and more than 10,000 apartments, rooms, and suites operating under the AKA and AVE brands, Korman Communities continues its tradition of innovation and excellence. To learn more about investment opportunities or partnerships, contact us.
