Murphy Asset Management, based in Chicago, IL, expands its team as the portfolio and client base continue to grow. 2022 was the best year of growth since the company started more than a decade ago, and the first half of 2023 shows no signs of slowing down.

Murphy Asset Management’s Steve Steinberg recently wrote an article for CoStar entitled, “On Compensating Operators: A Mini-Festo: Hotel Management Companies Should Be Paid Based on Profits”.

Despite the headwinds related to high interest rates and deal flow, it was a busy year for Murphy Asset Management. This Chicago-based firm had the most notable year of growth since launching in 2013.