Evan Hurd, a Senior Director with RobertDouglas, observed that “Hartford is undergoing a renaissance that has seen a very encouraging amount of public and private investment in the last five years. New firms are entering the market, and there is a rapidly-growing base of luxury urban residences and supporting amenities. Combined with the insurance and higher education institutions that have always been the foundation of the market, you have the ingredients for sustained, long-term growth.” Mr. Hurd added, “investment demand for the property included a broad range of private and institutional investors.”
Downtown Hartford is home to a broad array of hotel demand generators, including seven million square feet of office space, the headquarters of five Fortune 500 companies, the 500,000 square-foot Connecticut Convention Center, and Trinity College. Hartford is the state capital of Connecticut and is a gateway market for New England. Long-recognized as the insurance capital of the U.S., Hartford’s business base has broadened to include an impressive roster of financial services, technology and educational companies.