Stephen Garrett Siegel
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Stephen Garrett Siegel (born January 26, 1971) is an American entrepreneur and commercial real estate investor. He is the founder and chief executive officer of The Siegel Group Nevada, Inc. He is also the founder and chief executive officer of Amazing Brands, LLC.
Early life and career
Business ventures
Siegel expressed his desire to become an entrepreneur at the young age of 15. After moving out of his family home to live on his own in Los Angeles , Siegel supported himself by working at McDonald’s . After his time at McDonald's, he met a mentor in the automotive industry where he began buying and selling cars. In 1991, Siegel had invested his savings accumulated from his car venture, partnering with a friend to launch Unique Sounds, a car stereo and alarm store.
In 1992, at 21, he started Prestige motors, a one-bay mechanical auto repair shop that evolved into into a $2 million auto collision business and used the proceeds for other ventures. After selling Prestige Motors, Siegel utilized the proceeds to acquire a 50% stake in Uncle Howie Products, a struggling business involved in the manufacturing of children’s upholstered furniture. In 2000, Siegel acquired McAlister’s Collision Center from the verge of bankruptcy. McAlister’s Collision Centers immediately flourished under Siegel’s leadership, expanding to a second location. Siegel ultimately exited the automotive collision center business to focus on the development and expansion of his real estate portfolio and entrepreneurial ventures.
Real Estate Development
While managing McAlister’s Collision Center, Siegel started acquiring commercial real estate properties in 2001. Siegel then launched a property management company that operated out of his body shop to oversee his real estate holdings. In 2006, he founded Siegel Suites, Siegel Group’s flagship brand of apartments. In 2014, Siegel founded Siegel Design & Development to oversee construction projects associated with the renovation of his commercial real estate portfolio, as well as ground up construction projects he was undertaking.
Foods and Beverage
In 2016, Siegel came across Pinkbox Doughnuts, a donut shop based in Las Vegas. Siegel acquired Pinkbox Doughnuts Donutnuts from its former owner in 2018. Siegel subsequently opened new locations and by 2023, Pinkbox Doughnuts had become a household name in Las Vegas with over 11 locations in Nevada and Utah. By 2023, Pinkbox Doughnuts had become a household name in Las Vegas and had developed a cult following across the country. Siegel's initiatives had led to the establishment of 11 locations throughout Nevada and Utah. Staple locations include the Plaza Hotel and Casino, the Las Vegas Raiders’ Allegiant Stadium, Primm, NV, Laughlin, NV, and St. George, UT. These expansions were followed by partnerships and collaborations with renowned entities such as Blue Man Group, Live Nation, and the official doughnut partners of the Vegas Golden Knights and Las Vegas Raiders.
In 2018, Siegel acquired Bagelmania, a staple restaurant in Las Vegas, and renamed it Siegel’s Bagelmania. The flagship location is a 10,000- square-foot restaurant and delicatessen next door to the newly built Las Vegas Convention Center. In 2020, Siegel founded Amazing Brands a collection of unforgettable food and beverage concepts portfolio.
Philanthropy
In 2017, Stephen Siegel founded Siegel Cares to streamline and enhance his philanthropic endeavors, focusing on residents of his properties and the surrounding communities where his businesses operate. Siegel Cares supports neighborhoods where Siegel Suites and Siegel Select properties are situated.