September 27, 2016 4:08 AM ET

Real Estate Management and Development

Company Overview of New Valley LLC

Company Overview

New Valley LLC provides residential brokerage services in the United States and internationally. The company was founded in 1851 and is based in Miami, Florida with additional offices in New York, South Florida, and Southern California. As of December 9, 2005, New Valley LLC operates as a subsidiary of Vector Group Ltd.

4400 Biscayne Boulevard

10th Floor

Miami, FL 33137

United States

Founded in 1851

12 Employees

Phone:

305-579-8000

Fax:

305-579-8001

Key Executives for New Valley LLC

Chief Executive Officer, President, Chief Operating Officer, Director, Member of Executive Committee, Chairman of The Board of Ladenburg Thalmann Financial Services, President of Vector Group, Chief Operating Officer of Vector Group, Director of Vector Group and Director of Ladenburg Thalmann Financial Services
Age: 67
Chief Financial Officer, Vice President and Treasurer
Age: 51
Director, Chief Executive Officer - Ladenburg Thalmann Financial Services, President - Ladenburg Thalmann Financial Services and Director - Ladenburg Thalmann Financial Services
Age: 72
Executive Vice President, General Counsel, Director and Executive Vice President of Vector Group
Age: 62
Vice President, Secretary and Associate General Counsel
Age: 55
Compensation as of Fiscal Year 2016.

New Valley LLC Key Developments

New Valley LLC Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

New Valley LLC reported unaudited earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported revenues of $185.563 million against $153.748 million a year ago. Pro-forma adjusted revenues were $186.044 million against $153.748 million a year ago. EBITDA was $15.123 million against $22.401 million a year ago. Pro-forma Adjusted EBITDA was $16.099 million against $19.337 million a year ago. Pro-forma Adjusted EBITDA attributed to New Valley LLC was $11.364 million against $13.677 million a year ago. For the nine months, the company reported revenues of $478.841 million against $415.280 million a year ago. Pro-forma adjusted revenues were $480.285 million against $416.963 million a year ago. EBITDA was $33.236 million against $53.711 million a year ago. Pro-forma Adjusted EBITDA was $31.794 million against $47.511 million a year ago. Pro-forma Adjusted EBITDA attributed to New Valley LLC was $23.062 million against $33.897 million a year ago.

Marriott International and Affiliates of The Witkoff Group and New Valley Partner to Develop Edition Hotel in West Hollywood

Marriott International and affiliates of The Witkoff Group and New Valley have signed agreements for the development of an EDITION Hotel and residences in West Hollywood, Calif. Marriott said it would manage the hotel, which is expected to open in 2018, under a long-term contract.

New Valley LLC Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

New Valley LLC announced unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported Revenue was $153,748,000 compared to $6,425,000 for the same period of last year. Pro-forma adjusted revenues were $153,748,000 compared to $133,962,000 for the same period of last year. Net income attributed to Vector Group Ltd. from subsidiary non-guarantors was $8,202,000 against $5,052,000 a year ago. EBITDA was $22,401,000 compared to $8,708,000 for the same period of last year. Pro-forma adjusted EBITDA attributed to the company were $13,677,000 compared to $12,217,000 for the same period of last year. For the nine months, the company reported Revenue was $415,280,000 compared to $19,298,000 for the same period of last year. Pro-forma adjusted revenues were $416,963,000 compared to $335,019,000 for the same period of last year. Net income attributed to Vector Group Ltd. from subsidiary non-guarantors was $17,661,000 against $9,136,000 a year ago. EBITDA was $53,711,000 compared to $15,932,000 for the same period of last year. Pro-forma adjusted EBITDA attributed to the company were $33,950,000 compared to $22,307,000 for the same period of last year.

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Recent Private Companies Transactions

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No transactions available in the past 12 months.
 

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