The Hospitality Mentor · 2026-05-22 · 53 min
Host Steve Turk welcomes Larry Korman, co-CEO of Korman Communities and president of AKA Hotel Residences , to discuss his lifelong path in hospitality and residential real estate, from childhood work in the family business to leading a five-generation legacy. Korman explains how his father’s pie-shaped Philadelphia apartments sparked the furnished-apartment concept, later branded as Korman Suites, and how Larry and his brother built Korman Communities and evolved the model into luxury hotel residences under AKA, now spanning 16 properties over 22 years. He shares formative training in England, insights from Japanese hospitality, and a leadership philosophy centered on earning respect by doing frontline work, supporting teams and staying on property. Korman details AKA’s partnership with Airbnb that helped shape Airbnb Luxe, a strategy of optimizing cash flow, and plans to repurpose iconic hotels, expand in Florida, and grow globally with a strong health and wellness focus.
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