The Goodwin Hotel

What The Goodwin Hotel does

The Goodwin Hotel is a privately held boutique hotel operating in a landmark 1881 building at One Haynes Street in downtown Hartford, Connecticut. Originally constructed as an upscale apartment building by brothers James J. Goodwin and Rev. Francis Goodwin, the property was converted to a hotel in the late 1980s and now operates as an independent 124-room property with 60 unique floor plans across standard rooms, suites, and duplexes. The hotel serves leisure travelers, corporate and business groups, wedding and social event clients, and extended-stay guests with apartment-style accommodations featuring kitchenettes.

The property generates revenue across multiple streams: overnight room bookings (via the Synxis direct booking engine and OTAs including TripAdvisor, Booking.com, and Expedia), extended-stay packages, event venue rentals (the 4,500 sq ft Atrium, 1,192 sq ft Capital Ballroom, two boardrooms, and three meeting rooms), food and beverage through Bar Max, event catering via Max Hospitality (which took over operations in December 2023), and ancillary services such as valet parking. The hotel is privately owned by Randy Salvatore and operates with a lean corporate management structure, leveraging third-party partnerships for F&B (Max Hospitality), in-room amenities (Grace Farms Foods), and adjacent fitness (Hartford Sweat).

Distribution combines a direct-to-consumer model (website and phone reservations) with corporate accounts, group room blocks for events, and the Tripleseat platform for event inquiries. The property is recognized through TripAdvisor Travelers' Choice (2020), U.S. News & World Report "25 Best Hotels in Connecticut," and Architectural Digest's 2023 fall foliage list. There is no disclosed revenue, no public listing, and no parent holding company identified in the source data.

Name

The Goodwin Hotel

Legal name

The Goodwin Hotel

Website

https://goodwinhartford.com

Company type

Private

Founded year

1881

Operating status

Operating

Headcount range

11–50 employees

Short description

The Goodwin Hotel is a privately held 124-room boutique hotel in Hartford, CT, housed in a landmark 1881 building with 60 unique floor plans. It serves leisure, corporate, wedding, and extended-stay guests via direct booking, OTAs, and event venue rentals.

Ownership category

akta.pro rank

Product category

Boutique Hotel Hospitality

NAICS

Hotels (except Casino Hotels) and Motels (72111), Traveler Accommodation (7211), Accommodation (721)

SIC

Hotels & Motels (7011), Hotels, Rooming Houses, Camps & Other Lodging Places (7000)

akta.pro primary industry

Heritage & Historic Boutique Hotels (THAGADAD)

akta.pro secondary industries

Boutique Inns (THAGAHAB), Hotel & Resort Restaurants (THAFACAH)

Keywords

• Boutique hotel accommodations
• Wedding and event venues
• Extended stay suites
• Historic hospitality services
• Corporate meeting spaces

Headquarters

HQ city

Hartford

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D, Supply Chain, Others

Revenue model

1. Guest Room Bookings: Primary revenue stream from overnight accommodations including standard rooms, suites, and duplex units. Revenue is generated through nightly rates with varying prices based on room type and season. Direct bookings, OTA commissions, and corporate rate agreements contribute to this stream.
2. Extended Stay Accommodations: Revenue from extended-stay guests requiring longer-term lodging. Features include separate living and sleeping areas, kitchenettes, daily housekeeping, and complimentary WiFi. Custom packages are built based on length of stay.
3. Event Space Rentals: Revenue from renting event venues including the Atrium (4,500 sq ft), Capital Ballroom (1,192 sq ft), boardrooms (Constitution and Governors), and meeting rooms (Twain, Stowe, Hepburn). Includes catering services through Max Hospitality.
4. Food and Beverage - Bar Max: On-site bar and dining operated by Max Hospitality, serving craft cocktails, elevated bites, and full dining experience. Located just off the lobby, Bar Max provides revenue from food and beverage sales to hotel guests and local patrons.
5. Event Catering Services: Professional event catering through partnership with Max Hospitality, providing gourmet dining for weddings, corporate events, and social gatherings. Revenue from customizable menus and premium service options.
6. Valet Parking: Overnight valet parking at $35 plus tax per vehicle. Day guest valet parking at $40 with complimentary under 30 minutes. Generates ancillary revenue from hotel guests.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels7 records

Core offering

The Goodwin Hotel operates a 124-room historic boutique hotel in downtown Hartford, CT, offering overnight guest accommodations, extended-stay suites, on-site dining at Bar Max, and event and meeting venues. The hotel delivers a curated boutique hospitality experience in a landmark 1881 English Queen Anne terracotta building, complemented by food and beverage operations run through partner Max Hospitality.

Product overview

The Goodwin Hotel is a 124-room historic boutique hotel in Hartford, Connecticut, operating since 1881. The property offers a unified hospitality experience combining accommodations, dining, and event venues. Accommodations include 60 unique floor plans across guest rooms (Deluxe King/Queen, Studio King/Queen, Double Queen options), suites (Executive Suite), and duplexes (One Bedroom, Two Bedroom, Executive Two Bedroom Duplex), all featuring designer beds, modern fixtures, and historic details like decorative fireplaces. The on-site Bar Max provides craft cocktails and dining. Meeting and event offerings include the 4,500 sq ft Atrium, 1,192 sq ft Capital Ballroom, boardrooms, and breakout meeting spaces. Extended stay packages with kitchenettes and daily housekeeping are available for long-term travelers.

Differentiator

Problem solved

Functional benefit

Brands

• Bar Max: Lobby bar and dining venue at The Goodwin, operated by Max Hospitality, featuring craft cocktails, elevated bites, and artisanal drinks.

Products and services

• Deluxe King Guest Room

Named customers3 records

Segments6 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Max Hospitality GroupcoreStrategic or Co-development Partner · 11 December 2023Max Hospitality Group took over commercial kitchen and bar operations at The Goodwin after Chef Tyler Anderson's restaurant group departed. The company, led by a CEO known for shaping the restaurant industry in Hartford, provides signature dining experiences and top-tier service for grand gatherings and intimate parties.
• Max HospitalitycoreStrategic or Co-development PartnerMax Hospitality, Hartford's preeminent restauranteur and event caterer with 35 years of industry experience, operates Bar Max and provides all food and beverage services at The Goodwin. The partnership includes the commercial kitchen and bar, providing menus for hotel guests and catering for all event spaces including weddings, corporate events, and celebrations. Max Hospitality took over after Chef Tyler Anderson's departure in late 2023.
• Grace Farms FoodsminorStrategic or Co-development PartnerGrace Farms Foods, a Certified B Corporation based in New Canaan, Connecticut, provides The Goodwin's premium organic wellness teas and coffees. Their products feature in guest rooms with tea kettles and selection of Grace Farms Teas. The company sources exclusively from women-led co-ops in Ethiopia, Colombia, and Indonesia and donates 100% of profits to ending forced labor worldwide.
• Hartford SweatminorStrategic or Co-development PartnerHartford Sweat is a world-class yoga and fitness studio located next door to The Goodwin, featuring 5,200 square feet of fitness facilities. The partnership complements the hotel's boutique hospitality by offering guests access to invigorating workouts or meditative yoga sessions. Hotel staff can direct guests to this adjacent fitness amenity.

Scale indicators7 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Delamar West Hartford: Boutique luxury hotel in the greater Hartford market featuring upscale accommodations, on-site dining, and event space. Most direct local competitor for boutique leisure and wedding business, and the closest stylistic analogue in the Hartford region.
• Hartford Marriott Downtown: Full-service hotel located in downtown Hartford within walking distance of The Goodwin. Directly competes for the same corporate, government, and group business travel demand with overlapping meeting space and full-service amenities.
• Graduate Hotels: Collection of boutique hotels housed in historic buildings in university towns, focused on design-driven accommodations, F&B, and event space. Conceptually aligned with The Goodwin on heritage-buildings-as-differentiator and event-driven revenue mix.
• Hotel Vermont: Independent boutique hotel in Burlington, VT featuring locally rooted design, on-site restaurant and bar, and event/meeting space in a smaller-market setting. Comparable business model for an independent heritage-style property operating outside a major metro.
• The Liberty Hotel: Boston luxury hotel converted from the historic 1851 Charles Street Jail, blending original architecture with contemporary design and operating a strong F&B and event program. Closest comparable historic-conversion boutique hotel with similar F&B and event economics.
• 21c Museum Hotels: Boutique hotel brand combining contemporary art, historic adaptive-reuse properties, full F&B programs, and event space. Closest national concept analog to The Goodwin's blend of historic architecture, on-site dining, and event business.
• Homewood Suites by Hilton Hartford Downtown: Extended-stay competitor in downtown Hartford offering suite-style accommodations. Overlaps with The Goodwin's extended-stay program and competes for the same week-plus corporate and relocation guests.
• The Study at Yale: Boutique heritage-style hotel in New Haven, CT offering upscale accommodations, curated F&B, and event venues in a converted academic-era building. Comparable in concept (historic building, boutique positioning, event-driven revenue mix) and useful as a CT-market benchmark.
• Hilton Hartford: Downtown Hartford full-service hotel with comparable meeting facilities and brand-driven corporate accounts. Competes head-to-head with The Goodwin for Hartford business travelers and event planners.
• Residence Inn by Marriott Hartford Downtown: Extended-stay product in downtown Hartford targeting the same relocating-executive and project-worker demand The Goodwin addresses with its duplex/kitchenette units. Closest direct comp on the extended-stay side of the Hartford market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/TheGoodwinHotel
• Instagraminstagram.com/goodwin_hotel
• LinkedInlinkedin.com/company/the-goodwin-hotel

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Goodwin Hotel