August 01, 2014 10:52 AM ET

Real Estate Management and Development

Company Overview of New Valley LLC

Company Overview

New Valley LLC engages in the real estate business in the United States. It holds a 50% interest in Douglas Elliman Realty, LLC, which engages in the real estate brokerage business. The company also owns, through its New Valley Realty Division, a 50% interest in Koa Investors LLC, which owns the Sheraton Keauhou Bay Resort & Spa in Kailua-Kona, Hawaii. New Valley, formerly known as Western Union Corporation, was organized in 1851. The company is based in Miami, Florida. New Valley LLC operates as a subsidiary of Vector Group Ltd.

100 SE Second Street

32nd Floor

Miami, FL 33131

United States

Founded in 1851

12 Employees





Key Executives for New Valley LLC

Age: 65
Age: 70
Vice President
Age: 53
Executive Vice President
Age: 60
Compensation as of Fiscal Year 2014.

New Valley LLC Key Developments

Vector Mulls Acquisitions

Vector Group Ltd. (NYSE:VGR), which is planning to offer $150 million aggregate principal amount of 7.750% senior secured notes due 2021, is looking for acquisitions. The company through its unit, New Valley LLC, intends to use the net cash proceeds for general corporate purposes, including for additional investments in real estate through New Valley, and in its existing tobacco business.

Vector Seeks Acquisitions

Vector Group Ltd. (NYSE:VGR) is seeking acquisitions. Vector intends to use the net proceeds received from the notes offering for general corporate purposes, including for additional investments in real estate through its wholly owned subsidiary, New Valley LLC, and in its existing tobacco business.

Marriott International, Inc., Ian Schrager Company and the Witkoff Group, Winthrop Realty Trust, New Valley Llc and Maefield Development Announce Plans for Second EDITION Hotel in New York City

Marriott International, Inc. together with Ian Schrager Company and The Witkoff Group, Winthrop Realty Trust, New Valley LLC and Maefield Development announced plans for a second EDITION hotel in New York City. Scheduled to open in 2017 and located in the heart of Times Square, the new hotel will follow the expected 2015 debut of Manhattan's first EDITION property located in the Clock Tower building at 5 Madison Avenue. EDITION is a first class, full service, luxury lifestyle brand within the Marriott International portfolio, conceived in collaboration with legendary hotelier Ian Schrager. Marriott International will manage the hotel under a long-term agreement. Located at 701 Seventh Avenue, this will be the first hotel of this scale to be built in Times Square in over two decades. The hotel design will feature floor to ceiling windows with unobstructed views of Manhattan in 70% of the property's 452 guest rooms. The Times Square EDITION will be one component of a mixed use development which will feature 100,000 square feet of flagship retail, dining, entertainment and event space, as well an 18,000 square foot HD LED sign.

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