News: Financial Digest

John Galvin 2010

Name: John Galvin, MAI Title: President, Connecticut Chapter Appraisal Institute Company: Andrew & Galvin Appraisal Services Location: 16 Spring Ln., Farmington, Conn. 06032 Birthplace and year: Hartford, Conn., 1961 Family: Wife, Donna; children, PJ and Sean College: University of Connecticut, BS in Finance First job outside of appraisal: Commercial credit analyst for Connecticut National Bank First job in real estate or allied field: Appraiser for Connecticut National Bank for John Leary What do you do now and what are you planning for the future? Recertification year for Connecticut. We will be targeting a broader range of real estate professionals, i.e., eminent domain module in January, directed at attorneys as well as appraisers. Also, we have created a social chairman, We support the national group's efforts to keep up with changing regulations in the industry. Person you admire most (outside of family): Byrl Boyce, appraiser and professor for the Center for Real Estate & Urban Economic Studies at the Univ. of Conn. Keys to success: Set goals, perseverance, hard work If you had to choose another vocation what could it be? Farmer
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Conn. hospitality market: A technical appraisal perspective on market dynamics and valuation challenges (2019-2025)

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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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