HREC Investment Advisors sells the Homewood Suites Hartford South-Glastonbury

Glastonbury, CT HREC Investment Advisors has arranged the sale of the 136-guestroom Homewood Suites Hartford South-Glastonbury.

HREC Investment Advisors exclusively represented the seller on this transaction. The marketing and negotiations were led by Jim O’Connell (principal and Connecticut broker on Record – Boston), Joe O’Loughlin (senior vice president – Capital Markets – Boston), and George Davis (senior associate – Denver).

“The property performed extremely well after the completion of an extensive Product Improvement Plan. New ownership will benefit from a sharp upward ramp,” said O’Connell.

Positioned south of downtown, the Homewood Suites places guests within easy reach of key demand drivers such as Pratt & Whitney’s global headquarters, the RTX (Raytheon) Technology Research Center, the Connecticut State Capitol, Trinity College, and leading corporations concentrated in the region’s renowned Aerospace Alley. Hartford, Connecticut’s Capital City, stands out as the “Insurance Capital of the World,” hosting headquarters for leading companies including The Hartford, Aetna, and Travelers, as well as significant regional operations for Prudential and UnitedHealthcare. The city’s insurance industry generates nearly $16 billion in economic output annually and employs more than 70,000 people locally, making Hartford number one in insurance jobs per capita in the United States.