From asset search and concept creation to F&B strategy and operator partnerships. Based in London and Milan, operating across Europe, the Middle East, and Asia.
"Hospitality is not just service.
It is the art of making people feel."
Advised clients include
Four core disciplines — often combined across a single engagement. We work with private investors, family offices, and hospitality asset owners at every stage of development.
Identifying and evaluating high-potential hospitality properties for private and institutional investors. Market intelligence combined with deep sector intuition.
→Developing distinctive hotel and F&B concepts rooted in story, place, and commercial logic. From positioning and naming to guest journey design.
→Building dining and bar experiences that become destinations in their own right. Chef partnerships, menu development, concept design, and revenue strategy.
→Connecting assets with the right operators, brands, and talent. Alignment-first — every partnership is structured to enhance both guest experience and investment performance.
→Full F&B strategy and restaurant concept selection for a luxury property on Sardinia's Costa Smeralda. Scope included dining concept development, chef and operator selection, menu positioning, and alignment with the property's high-end international clientele.
Mandated by a large international hospitality fund to identify and evaluate acquisition targets across the Italian market. Delivered a curated pipeline of hotel assets aligned with the fund's investment criteria, location strategy, and return profile.
Advised on the sale of a single asset from within a portfolio of hotels in Southern Europe. Scope included asset positioning, buyer identification, and transaction support — ensuring the disposal aligned with the group's broader strategic objectives.
End-to-end F&B repositioning for an established hotel in Southern Europe. Reviewed existing offering, identified commercial and experiential gaps, and developed a revised dining strategy — including concept refresh, supplier relationships, and revenue optimisation.
All projects listed are anonymised at client request. References and further detail are available on request for qualified enquiries.
Kokoro — 心 — is the Japanese word for heart, spirit, and soul. It defines how we work: with strategic rigour and genuine creative sensitivity. We don't just consult. We co-create.
Founder & Managing Partner
Ivona Grgan has never been one thing. Over twenty years she has been a hospitality strategist, a Partner at Berkeley Simmons Leisure, a truffle merchant, a yacht charter founder, and the person behind some of the most elegant wine events in Europe. Today, as founder of Kokoro Hospitality, she brings all of it to bear — advising hotel groups, restaurant operators and private members clubs across the UK, Italy, Spain, the Middle East and Asia on F&B strategy, dining concepts, and the art of making guests feel something. MSc Finance. Diploma in Nutrition. Six languages. London and Milan.
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We work with a small number of clients at a time.
If you're exploring a hospitality asset or concept — we'd like to hear from you.
Whether you're at the earliest stage of an investment or ready to develop a concept, we're happy to have an initial conversation — no obligation.
Tell us briefly what you're working on and we'll be in touch within 48 hours.