Hegg Companies
Hegg Companies emphasis on midwest hospitality management and development, construction, commercial brokerage, and property management.
- Company typePrivate
- Founded1945
- HeadquartersSioux Falls, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
Hegg Companies firmographics
Firmographics- Name
- Hegg Companies
- Legal name
- Hegg Companies, Inc
- Website
- https://www.heggcompanies.com/
- Company type
- Private
- Founded year
- 1945
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Hegg Companies emphasis on midwest hospitality management and development, construction, commercial brokerage, and property management.
- Ownership category
- akta.pro rank
Where Hegg Companies is headquartered
LocationHeadquarters
- HQ city
- Sioux Falls
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Hegg Companies business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure, Others
Revenue model
- Hospitality Management Services: Hegg Hospitality manages full-service and select-service hotel segments on behalf of property owners, providing comprehensive management services including revenue growth, value creation, and ROI maximization. The company operates properties from an owner's perspective and has relationships with major franchises including Hilton and Marriott.
- Construction Services: Hegg Construction provides construction management services for various projects including hotels, restaurants, and commercial spaces. Led construction management for Starbucks locations and hotel renovations.
- Development Services: Full-service commercial real estate development, expanding and transforming properties across the Midwest.
- Modular Building Manufacturing: HEGG Modular manufactures modular buildings and structures. The company completed HEGG Modular in 2022 and was planning to add 50-60 new team members in 2023.
- Restaurant Operations: Operates CRAVE restaurants within Hilton Garden Inn properties, offering dining experiences including full sushi bar, classic American fare, and seasonal locally sourced ingredients.
Go-to-market motion2 records
Distribution channels6 records
Marketing channels8 records
Hegg Companies product offering
Product offeringCore offering
Hegg Companies operates four integrated divisions: Hegg Hospitality provides third-party hotel management services for full-service and select-service properties under franchise brands like Hilton and Marriott. Hegg Construction delivers construction management for hotels, restaurants, and commercial spaces. Hegg Development handles commercial real estate development across the Midwest. Hegg Modular manufactures modular buildings at its Brandon, SD facility. The company also operates CRAVE restaurants and licensed Starbucks locations.
Product overview
HEGG Companies is a multi-divisional company offering construction, development, hospitality management, and modular construction services. The core product portfolio includes HEGG Hospitality (hotel management for full-service and select-service segments), HEGG Construction (commercial construction management), HEGG Development (commercial real estate), and HEGG Modular (modular construction). The hospitality division manages branded properties including Hilton Garden Inn hotels in multiple locations (Rapid City, Sioux City Riverfront, Downtown Sioux Falls, Sioux Falls South), CRAVE restaurants, Starbucks licensed locations, and retail shops. The company operates across the Midwest with over 300 employees, 79 years in business, and has managed over 50 hotel properties since entering hospitality in 1980.
Differentiator
Problem solved
Functional benefit
Brands
- CRAVE: Restaurant brand offering seasonal, locally sourced American fare and sushi, located in Hilton Garden Inn properties in Sioux Falls and Sioux City.
- CRAVE Food & Drink
Products and services
- Hegg Hospitality
Quantifiable outcome
- 960 complimentary bottles of water provided to guests per week across properties (49,940 bottles per year)
- +5 more outcomes
Companies that use Hegg Companies
Customer profileNamed customers9 records
Segments5 records
Ideal customer profiles3 records
Hegg Companies technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Hegg Companies partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- StarbuckscoreHegg operates licensed Starbucks locations within their hotel properties and at Sanford Health. Locations include Downtown Sioux Falls within Hilton Garden Inn (opened December 2019) and Sanford Health Locken Lobby (opened June 2024). These are branded Starbucks stores owned/licensed by Hegg.
- Hilton WorldwidecoreHegg Companies operates multiple Hilton Garden Inn properties under franchise agreements, including properties in Sioux Falls Downtown, Sioux Falls South, Sioux City Riverfront, and Rapid City. These are branded hotels operating under Hilton's brand standards and loyalty programs.
- Marriott InternationalcoreHegg Hospitality manages Marriott properties including Courtyard Sioux Falls and SpringHill Suites Sioux Falls near the Empire Mall. Beth Korsos, VP of Operations at Marriott International, provided a testimonial praising Hegg's strong franchisee relationships and attention to detail.
- REACH LiteracyminorPartnership with REACH Literacy to teach English as a secondary language to Hegg employees. Described as one of the first companies in South Dakota to take advantage of this opportunity. Initiative supports the company's diverse workforce where eight languages are spoken at the Hilton Garden Inn Sioux Falls Downtown property alone.
Scale indicators6 records
Recent moves5 records
Expansion highlights5 records
Hegg Companies competitors and assessment
Company assessmentDirect peers
- White Lodging: Merrillville, Indiana-based hotel ownership, management, and development company. Highly comparable to Hegg for its integrated hospitality + development model and Midwest geographic anchor.
- Schulte Hospitality Group: Third-party hotel management and development firm with a mix of full-service and select-service properties. Comparable to Hegg Hospitality in business model and franchise-brand focus.
- Concord Hospitality Enterprises: Hotel management and development company operating Marriott, Hilton, Hyatt, and IHG brands. Comparable in operating third-party management contracts under major franchise flags.
- KBS Builders: Modular construction manufacturer serving commercial and hospitality markets. Comparable to HEGG Modular's product offering and target use cases for modular building solutions.
Broad incumbents
- Aimbridge Hospitality: Largest independent hotel management company in North America. A scaled incumbent in the same third-party management space Hegg operates in, though at much greater scale.
- Highgate Hotels: Large hospitality management, investment, and development firm operating branded and independent hotels. Comparable business mix to Hegg's integrated hospitality + development approach at meaningfully larger scale.
- Pyramid Global Hospitality: Hospitality management company operating premium branded hotels and resorts. Comparable in third-party management contracts and franchise relationships, with broader geographic reach.
Regional players
- Lloyd Companies: Sioux Falls, South Dakota-based real estate development, construction, and property management firm. Direct regional peer across Hegg's construction, development, and management lines.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Hegg Companies social profiles
Digital presenceHegg Companies financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hegg Companies leadership team
Management profileNumber of profiles
Profiles4 records
Hegg Companies subsidiaries and ownership
Company hierarchySubsidiaries3 records
Hegg Companies funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Hegg Companies M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Hegg Companies
What does Hegg Companies do?
Hegg Companies operates four integrated divisions: Hegg Hospitality provides third-party hotel management services for full-service and select-service properties under franchise brands like Hilton and Marriott. Hegg Construction delivers construction management for hotels, restaurants, and commercial spaces. Hegg Development handles commercial real estate development across the Midwest. Hegg Modular manufactures modular buildings at its Brandon, SD facility. The company also operates CRAVE restaurants and licensed Starbucks locations.
Is Hegg Companies a public or private company?
Hegg Companies is a private company. It is classified as family owned and is currently operating.
When was Hegg Companies founded?
Hegg Companies was founded in 1945. It employs 51 to 100 people.
Where is Hegg Companies based?
Hegg Companies is headquartered in Sioux Falls, United States, in the North America region.
How does Hegg Companies make money?
Five revenue lines are on record. Hospitality Management Services are the primary driver. The others are construction Services, development Services, modular Building Manufacturing and restaurant Operations.
Who are Hegg Companies's main competitors?
Direct peers on record are White Lodging, Schulte Hospitality Group, Concord Hospitality Enterprises and KBS Builders. Broad incumbents are Aimbridge Hospitality, Highgate Hotels and Pyramid Global Hospitality. Lloyd Companies is listed as a regional player.
Does Hegg Companies have an API?
No public API is recorded for Hegg Companies.