News: Financial Digest

Frederick Witte 2013

Name: Frederick Witte, MAI, SRA Title: President, Conn. Chapter of the Appraisal Institute Company: Equity Appraisal, LLC Location: 41 Virginia Court, Richfield, CT 06877 Place of birth and year: Rockville Center, NY - 1960 Family: Wife, Marie; children, Annemarie, Freddy, Raymond, Diana College: St. Johns First job outside of appraisal/consulting: Delivered eggs First job in appraisal/consulting or allied field: Appraiser for Record Data What do you do now and what are you planning for the future: I'm involved in the "Candidate for Designation" program. We have 32 candidates who signed up and will be mentored to achieve their professional appraisal designations. Hobbies: Duck hunting, cooking Favorite book: "Pillars of the Earth" by Ken Follett Favorite movie: "The Godfather - Part 2" Person you most emulate (outside of family): David Bradley, MAI Key to success (one idea): Work nights and weekends when the phones don't ring. If you were forced to choose another vocation what would it be? Comedy writer
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Conn. hospitality market: A technical appraisal perspective on market dynamics and valuation challenges (2019-2025)

Conn. hospitality market: A technical appraisal perspective on market dynamics and valuation challenges (2019-2025)

The Connecticut hospitality market has demonstrated uneven recovery patterns between 2019 and 2025, with boutique and historic properties achieving $125 RevPAR in 2025, up 8.7% from the 2019 level. Coastal resort properties achieved a $105 RevPAR in 2025, representing 10.5% growth since 2019. Casino corridor properties maintained modest growth with RevPAR improving 4.5% to $92 in 2025.
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Preserving wealth across multiple generations requires strategic planning, foresight, and the right investment vehicles. Delaware Statutory Trusts (DSTs) offer a powerful solution for families looking to build and protect their financial legacy and to efficiently plan for their estate.