Case Study #5

KRG Hospitality Inc.

“Strategic Planning and Concept Development”

The interior of Virtù bar in Tokyo, Japan

The Overview

KRG Hospitality partnered with an industryleading property developer on the West Coast, recognized for their excellence in design, quality, and innovation.

Working closely with their leadership team and their board of directors — including presentations to the board of two of North America’s top three hotel brands — KRG guided strategic planning initiatives across multiple properties.

Our focus spanned feasibility, risk management, financial management, market and operational analysis, and exit strategies, ensuring long-term profitability and sustainability for the developer’s portfolio.

Recent Projects

$246M Mixed-Use Property

KRG conducted a cross-analysis of three business models for this expansive property, which includes 300+ condo suites and hotel rooms, on-site bars, restaurants, retail, entertainment, and underground parking. We developed comprehensive financial projections—including realistic build-out costs and 10-year operational forecasts— while identifying target consumer profiles and conducting market and competitive analysis.

$39.5M – Luxury Resort Remodel

KRG created detailed strategic plans over the course of 6 months for the remodeling of a prestigious resort, incorporating their PGA Tour-grade golf course, on-premise event space, new Onsen spa services, multiple new bars and restaurants, and their upgraded accommodations. Our strategic vision positioned the property to generate annual revenues exceeding $25M, significantly increasing its overall market value in a post-pandemic era.

$19M – New Boutique Hotel Concept

KRG developed the strategic playbooks for a new hotel property, ensuring high operational efficiency and profitability. This included feasibility studies, conceptual development, brand strategy, tech-stack strategy, marketing strategy, business planning, and financial planning. Our financial modeling resulted in projected EBITDA rates of 38%-41%, positioning the hotel for a lucrative exit with cap rates that exceeded industry benchmarks.

Latest Updates

KRG Hospitality remains an active strategic consultant for this property developer, guiding new projects as they expand their
portfolio.

Our expertise continues to shape these developments, including a landmark mixed-use hospitality project and additional resort renovations, reinforcing their market leadership in design, innovation, and financial performance.