Philip Pilevsky, Holding 200 Elite Poperties

For Philips International, the rise in boutique hotels has meant the company earning even greater plaudits than ever before. Indeed, Philips International is famous for its introduction of the boutique hotel concept to the market. Boutique hotels are different from traditional chain hotels in a number of ways. First, they are smaller, typically around one hundred guests. This allows the hotel staff to give more personalized care to patrons in a prompt manner. It also creates an intimate atmosphere among the staff and guests. Atmosphere is the second distinguishing characteristic of boutique hotels. Everything - the décor, the lobby music, and service philosophies - work together to deliver a clear and unique message about the hotel’s style. Two of Philips International’s most famous boutique hotels are the Andrew Hotel in Great Neck and the Bryant Park Hotel in Manhattan.

Philips International holds more than 200 elite properties across the United States, from shopping centers and commercial condominiums, to office spaces and renovated residential properties. There are a number of reasons that Philips International has risen to become industry leader. The main reason is diversification. Throughout the company’s history, Philip Pilevsky has been careful to acquire a number of property types such as hotels, office space, retail centers, and even residential properties.

Real estate is a notoriously fast moving and high-risk industry. For those who want to climb to the very top of the real estate ladder, you had better have nation-wide ambition because that is the playing field for our country's top dogs in property development and management.  Put simply, it is best to join one of the nation's top real estate development firms such as Philips International. Founded by Philip Pilevsky in 1979, Philips International has grown into one of the best respected real estate development and management companies in the United States. The company’s history includes the acquisition of a number of different property models, making them one of the most diversified real estate companies operating today. This does much to underscore the belief that for Philips International how design influences business is a subject to be taken very seriously indeed.

Philips International has also been involved in a number of renovation projects in New York City. In the 1970’s and 1980’s, Long Beach was hit hard with a financial crisis. Many buildings were left in disrepair and the City Council realized they needed someone to help the situation. Philip Pilevsky was hired to build a 150-room hotel, a catering hall with a guest capacity for nearly 500 individuals, a convention center, a boardwalk-level restaurant, numerous shops, an outdoor amphitheater for concerts, and an assisted living center for seniors. In short, Philips International has become an industry leader through decades of hard work in building America’s cities.

Philip Pilevsky, Creating A World Recognized Brand

For Philips International, excellence in hotel development meant the company stood a very real chance of winning the recent tender to develop the iconic Statue of Liberty. Led by Owner, Founder and CEO, Philip Pilevsky, the company recognized the potential that the building held for property leasing as well as its historical significance for the city. Having acquire, developed, and managed multiple historic buildings in New York City, the real estate firm was excited at the opportunity to participate in the history of such an iconic building. In partnership with Joseph Tabak, Philip Pilevsky made a $2.1 billion dollar offer on the Empire State Building.

Indeed, what about the future of the Empire State Building? Is the building, having been built during the Great Depression, now outdated and in the background? For some it may be. Originally the tower represented a largely blue-collar symbolism. The plaques in the building’s lobby read “Steel,” Plumbing,” and “Masonry.” Nowadays, it is mostly a white-collar place of business and tourism. With revenue from the millions of tourists visiting the observation decks every year, the potential for renting office space, and the historical significance of the building, the Empire State Building is a real estate developers dream come true. The building is currently owned by Empire State Realty Trust, of which Anthony Malkin serves as Chairman, CEO, and President. Recently, Malkin Holdings entertained the idea of passing ownership on to another company, and this move had real estate developers in an uproar over who might make a bid.

For Philips International, history, politics, and architecture are all part and parcel of conserving the traditional and often underestimated buildings of New York City. Indeed, if you were asked to name the most iconic buildings in our nation, chances would be high that the Empire State Building will find its way to the top of the list. In actual fact, in 2007 it was ranked number one on the AIA’s List of America’s Favorite Architecture. Not only is it a powerful symbol of New York City, it is a national treasure and until recently the largest tower in the United States. Inside the building exist more than one thousand commercial businesses, retail stores, broadcast stations, observation decks, and approximately 21,000 employees. There are two observation decks on the building, which generate more than $85 million annually with over 3.6 million tourist visits. In short, the Empire State Building is one of the most important structures in our nation and it embodies the strength and history of the American people.

In the end, Malkin Holdings was unable to let go of the building and continues to own and manage it to this day. In the future, however, the Empire State Realty Trust will need to search for investors with a strong connection to New York City’s past.