For the past few years, we have been hearing that artificial intelligence is going to change the world, and few skeptics would dare challenge that prediction. But there has not been significant substance in application yet, at least not in hospitality. Frustratingly, we are not yet seeing a wide variety of use cases that are […]

The math of calculating your return on advertising spend is more complicated than it should be We don’t need more headaches and worries. Some things just need to be simple and straightforward and trustworthy. The sun needs to rise in the east and set in the west. 2 + 2 needs to equal 4. And […]

Murphy Asset Management has expanded its team as the company’s portfolio and client base continue to grow. Elie Khoury, formerly EVP of Operations for Aimbridge Hospitality, joins Murphy as a Managing Director, bringing 30 years of experience managing large portfolios, brand relations, new builds, and transitions. Khoury’s client base spans REITs, private equity firms, pension funds, […]

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.

What do you do with 20,000 square feet of windowless, interior space on the 13th and 14th floors of a fully operational, center city hotel to generate additional revenue? You lease it to Teatro ZinZanni, a 300-seat production that is a mash-up of burlesque, comedy, live music, acrobatics, European cirque, cabaret and a multi-course feast. […]