Flag Luxury Group
Real EstateNew York, United States11-50 Employees
Flag Luxury Group is a real estate development and investment company based in New York City. Its origins trace back to 1946 when The Flag Group of Companies was founded by Peter J. Kanavos Sr., and it has since developed more than $4 billion in assets, including early Marriott and Holiday Inn hotels and landmark properties such as the Intercontinental in Athens, the Sheraton in Brussels, and the Trade Fair Hotel in Lagos. Today, Flag Luxury is led by Co-Chairs Paul Kanavos and Dayssi Olarte de Kanavos, and it emphasizes innovative financing, strategic partnerships, and distinctive architectural execution to stay at the forefront of the industry. Its portfolio features The Ritz-Carlton properties in South Beach and Coconut Grove, along with related hospitality, retail, and entertainment developments in Orlando and across the Las Vegas Strip. The company reports a pipeline exceeding $1 billion in new projects across New York City, Miami, and San Francisco, and in 2025 announced a partnership with Finfrock Industries on a Flag Luxury project.