Chicago, IL, United States
Hotel Source, Inc.
design & construction management / project management
turnkey development services
litigation support - expert witness
management contract negotiation
customer surveys / guest satisfaction / employee surveys
operational analysis / reviews
marketing & sales strategies
acquisition / disposition / brokerage
ownership transition support
conference centre / convention centres
extended stay hotels / corporate apartments
full service hotels
limited / select service hotels
resort mixed use developments
urban mixed use development
We look at hotel assets through a different lens than others. Our experience in hotel ownership, operations, transactions, architecture, design, financial analysis, and construction management allows us to take a full life-cycle approach to the business and real estate of hotels. This ensures excellence in every stage of a hotel project. Our advantage protects and enhances each investment and always puts the interests of ownership first.
Asset management, hotel operations, real estate, development, branding, strategy, positioning, design.
Steve Marx has gained a unique perspective of the hotel industry over the past thirty years successfully completing a wide variety of hotel dispositions and advisory assignments during many economic cycles. As Director of Murphy Asset Management, Steve's experience combines hotel operations, brokerage, ownership and design. Steve quickly assesses shortcomings and opportunities in most every type of hotel asset and is able to implement a plan to maximize value. Steve has successfully represented institutional and private sellers in the value-driven disposition of hotels ranging in size, location and market orientation. He is particularly proficient at selling hotels performing below their potential. Steve is also Managing Member of a private equity firm that owns a resort market hotel.
MBA: DePaul University - Chicago, Illinois; Finance and Entrepreneurship. BA: Michigan State University - East Lansing, Michigan; School of Hotel Management.
Michigan State University Alumni Association, DePaul University Hospitality Leadership Advisory Board; Member of Chicago Architecture Center; Licensed real estate broker.
Representative List of Clients
Management firms, individual owners, developers, lenders and investors who are involved in the hospitality industry.
Articles and Publications
Steve Marx has been interviewed by and contributed to numerous publications including the Chicago Sun Times, Chicago Tribune, Commercial Property News, Crain's Chicago Business, Hotel Business, Hotel & Motel Management, Midwest Real Estate News, Realty and Building, Scotsman Guide and Real Estate Forum.