HEGG logo
HEGG logo

Our Story

Hospitality First

We manage from an owner's point of view while delivering the little touches that make customers feel welcome and happy – and wanting to come back for more.

Family-owned Since 1945

As a trusted family-owned business since 1945, the Hegg Companies have proudly served customers and clients for more than eight decades. We joined the hospitality industry in 1980 by managing an 82-room Thrifty Scot Motel in Sioux Falls, South Dakota, expanding to 12 Thrifty Scots in the Upper Midwest. Under the company’s guidance and attention to detail, these properties eventually underwent a brand conversion and became part of the Days Inn hotel chain. Since then, we have managed over 50 hotel properties and created memorable experiences that build community.

Paul Hegg on stage at Heggyworld event
Group meeting

Leadership & Team

Founder

Peter P. Hegg

Peter P. Hegg chairs the Board of Directors of the Hegg Companies. He has extensive experience in the development, acquisition, management, and disposition of real estate, including hotels, apartments, and other commercial properties.

President & CEO

Paul Ode Hegg

Paul is president and CEO of Hegg Companies. Paul's deep understanding of commercial real estate, development, syndications, and hospitality has laid the groundwork for many long-term client relationships and company growth.

COO of Hospitality/Director of Brand Experience

Dione Deuel

Dione is the COO of hospitality and director of brand experience for the Hegg Companies. She’s used her two decades of hospitality leadership to invigorate the company culture, reduce turnover, and implement comprehensive training programs.

Chief Financial Officer

Rick Siem

Rick is the chief financial officer and approaches financial leadership as operation stewardship. He ensures disciplined capital management while creating transparency and confidence for the team’s driving growth.

Our Mission & Values

We find a way.

We are creative, innovative problem solvers who never say never.

We will be better every day.

We are coachable, growth-minded professionals who learn from challenges and have a passion for growth.

We are better together.

We are bold and respectful, and believe that everyone's voice matters. At HEGG, 1+1=3.

Our History

1945

1945

Peter Ode Hegg founded HEGG Real Estate selling farms and ranches door to door.

1962

1962

Peter P. Hegg joined his father in the real estate business. HEGG was a full service commercial real estate and development business.

1978

1978

Peter P. Hegg became 50% owner of HEGG.

1980

1980

HEGG started in the hospitality business by managing an 82-room Thrifty Scot Motel in Sioux Falls, South Dakota.

1990

1990

Peter takes full ownership of HEGG and the company divides into HEGG Realty and HEGG Companies.

1992

1992

Paul Ode Hegg joins the company.

2002

2002

Paul Ode Hegg becomes President and CEO, making HEGG a third generation company.
Headshot of Rick Siem

Rick Siem

Rick is the chief financial officer and approaches financial leadership as operation stewardship. He ensures disciplined capital management while creating transparency and confidence for the team’s driving growth.

Headshot of Dione Deuel

Dione Deuel

Dione Deuel believes in leading through empathy and example. Dione joined the HEGG team in 2019 after two decades of leadership in the hospitality and retail sectors. In her role as Director of Brand Experience, Dione is a true people-first leader. She is passionate about creating spaces that are welcoming and comfortable for team members and guests alike.

During her time at the Hegg Companies, Dione has invigorated and shaped the company culture, reducing turnover, implementing comprehensive hospitality training programs, and enacting team member recognition programs. She is a meticulous, detail-oriented, and fun-loving professional who understands the value of investing in people. And she never forgets a name.

Headshot of Paul Ode Hegg

Paul Ode Hegg

Paul Ode Hegg is a creator. Paul has led the Hegg Companies as president and CEO since 2002, and is the third Hegg to hold that position. His deep understanding of commercial real estate, development, syndications, and hospitality has laid the groundwork for many long-term client relationships and company growth.

As a visionary at the head of a third-generation family company, Paul is uniquely suited to lead at this point in Hegg’s history, as he is gifted with both a deep, personal understanding of the company’s past and the vision to guide it into the future. He has led the company to fresh opportunities in hospitality that include restaurants and hotels. Hegg is a franchisee of Hilton and Marriott and a licensed Starbucks owner.

Expanded on the company’s business ventures, he formed a construction company and start-up volumetric factory, or more commonly referred to as off-site modular construction.

He is responsible for oversight of real estate development and management, commercial brokerage, and asset management of the overall portfolio. But simply, Paul sees himself as a builder of opportunity and community.

Headshot of Peter Hegg

Peter P. Hegg

Peter P. Hegg chairs the Board of Directors of the Hegg Companies. He has extensive experience in the development, acquisition, management, and disposition of real estate, including hotels, apartments, and other commercial properties. He served as president and CEO of Hegg Companies for more than 40 years before his son, Paul, took over executive leadership of the family-owned business in 2002.

Peter formerly served on the Advisory Council on Small Business and Labor, which assists the Federal Reserve Bank of Minneapolis. The council helps the Reserve Bank’s Board of Directors by providing perspectives on economic information and reactions to policy positions. He also has served on several other boards and commissions. He is a former chairman and member of the South Dakota Real Estate Commission; a former regent at Augustana College in Sioux Falls, S.D.; former board member of the Sioux Falls Chamber of Commerce; past chairman and board member of South Dakota Diversified Credit Services; past board member of the Days Inn Franchise Advisory Committee; past board member of Days Inns of America Inc.; and a past or present board member of other organizations and companies throughout the region and United States.He is the owner of the Circle H Ranch hunting lodge in Gregory, S.D. He graduated from St. Olaf College in Northfield, Minn. with a Bachelor of Arts Degree and majors in speech and economics. Peter was inducted into the South Dakota Hall of Fame for Business and the South Dakota Aviation Hall of Fame for his interest and contributions in the advancement of aviation in the state.