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This profile was last updated on 10/21/12  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. Steven H. Korman

Wrong Steven H. Korman?

Chief Executive Officer

Phone: (914) ***-****  
Local Address:  Plymouth Meeting , Pennsylvania , United States
Korman Communities

Employment History

Board Memberships and Affiliations

  • Founder
    Korman Communities
  • Chair of the Advisory Board
27 Total References
Web References
MANNA | About MANNA | Board and Advisory Board, 21 Oct 2012 [cached]
Steven Korman CEO, Korman Communities
News at Extended Stay, Furnished Apartments for Extended Stay, 7 June 2012 [cached]
"We're going to open a 'wow' boutique property," says Steve Korman, founder of Korman Communities.
Steven, their father, can rightfully take credit as the inventor of flexible-term housing.
The company - founded in 1909 by his great-grandfather Hyman Korman - is a family affair: His father, Steven Korman, 67, is the chief executive.
"When Korman Suites started in 1962 and 1963, we created something that we thought was very special and did it in areas that were good areas but you wouldn't say they are Triple A areas," said Steven H. Korman, CEO.
"These properties are in Triple A locations," Korman said, adding they are spots where people want to be.
Korman has spent about $15 million to gut the properties if need be and redevelop them into new apartments with fine appointments that would make a visitor feel right at home. Sometimes it's old hotels and apartment buildings that are being redeveloped; other times it's old office buildings.
The units vary in size but have ample living rooms, some with balconies, bedrooms and baths with fine linens and towel and fully loaded kitchens with limestone and granite countertops. All come with hotel amenities such as housekeeping and others have concierge service on site.
It's the combination of a prominent location with high-end accommodations that Korman and his team believe will find an audience for aka.
"It's recreating apartments with hotel services," Korman said.
In all, Korman has developed nine aka properties with plans for more. "It's growing pretty rapidly," Korman said.
AKA Times Square is the fourth Manhattan property for the burgeoning and innovative AKA brand of luxury extended-stay hotel residences that are being selectively rolled out worldwide by Philadelphia-based real estate developers Korman Communities, a fourth generation family company led by CEO Steven Korman with sons Larry and Brad as co-presidents.
As a fourth-generation family company, CEO Steve Korman leads Korman Communities and the co-presidency of AKA is headed up by Larry, who handles the general operations of the properties, and Brad, who handles portfolio acquisitions.
His grandson, Steven Korman, developed the concept of Korman Suites in an apartment building along the Benjamin Franklin Parkway that is now an Embassy Suites. Slow to rent the pie-shaped apartments, Steven Korman decided to furnish one as an example of how the unit might look. Then someone wanted to rent the furnished apartment for a few months but not as long as a year.
"All of a sudden it hit him that there was a need for a whole realm of lodging for someone who needed a place for six months," said Brad Korman about his father Steven.
MANNA | About MANNA | Our Mission and Story | The Steven Korman Nutrition Center, 21 Oct 2012 [cached]
Featuring MANNA client, Michelle Mannino, MANNA Advisory Board Chair Steven Korman, Philadelphia Mayor Michael Nutter, and MANNA CEO Richard Keaveney
The newly renovated facility has been named The Steven Korman Nutrition Center in recognition of Steve Korman's continued dedication and support to MANNA's mission. In 2004 Korman, Chair of the MANNA Advisory Board, along with his sister, Lynne Honickman, was presented with MANNA's Outstanding Community Lifetime Achievement award.
Many years ago I learned first hand the need for proper nutrition during an illness," said Steven Korman. "Those of us who are fortunate in life have a great opportunity to help sick people during their most needy times."
"All of this is possible because of the continued commitment of the MANNA staff and volunteers and of course, the generous support of Steven Korman," said Richard Keaveney, Chief Executive Officer of MANNA.
MANNA | About MANNA | Board and Advisory Board, 26 April 2010 [cached]
Chairperson: Steven Korman CEO, Korman Communities
All Spin Zone » Inspirational [cached]
Korman is trying to influence more than the 500 people he employs.
In Praise of Steven Korman, CEO
It is not often we get to praise a fine corporate citizen in times when we hear of layoffs daily. Steven Korman has taken out ads in the Philadelphia Inquirer and NYTimes encouraging companies to refrain from layoffs in these uncertain times, encouraging companies to look to the communtiy bottom line instead of just the balance sheet.
Steven Korman is a Philadelphia CEO of Korman Communities, a privately held family firm founded in 1909.
Steven Korman is featured in today's Philadelphia Inquirer because he got a bit perturbed the other day while in his daily exercise routine. There on CNBC was another announcement of layoffs. This time it was Pfizer announcing that in order to complete its merger with Wyeth it would first lay off 8,000 workers. Steven Korman owns shares of Pfizer, and he was not pleased with the news, even though it might help Phizer's bottom line. The Inquirer tells the story better than I:
It was during a morning workout on his treadmill early last week that Steven Korman felt inspired to make a public appeal to business leaders:
Steven Korman is a throwback, I suppose, to a time when family-run businesses took care of their larger families, their employees. Sure, Steven Korman is philanthropic, but this action shows far more care for people suffering in today's difficult economic climate.
I have never met Steven Korman, though I would be honored to do so.
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