News: Financial Digest

Timothy Breda 2009

Name: Timothy Breda Title: Senior Vice President - Office Manager Company: Goedecke & Co., LLC Location: 8 Wright St., Westport, Conn. Birthplace and year: New Haven, Conn., 1961 Family: 3 children College: University of Connecticut, BS, Finance and Real Estate (major) First job outside of real estate: Stop & Shop bagging groceries, shagging carriages First job in real estate or allied field: Commercial real estate appraiser What do you do now and what are you planning for the future? We work with our clients to determine their real estate capital needs and create the best possible solution for those capital needs including debt, equity and all hybrid forms. In the future we hope to expand our market share through additions to our experienced professional team. Hobbies: Exercise, golf, my kids' activities, fishing, UConn. Huskies, N.Y. Yankees Favorite book: "1776" by David McCullough Favorite movie: "Cinderella Man" Keys to success: Passion, perseverance, integrity If you had to choose another vocation what would it be? Run a charitable org.
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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.