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Northland Investment Corporation Acquires the The Historic
Goodwin Hotel in Downtown Hartford, Connecticut 
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Hartford, CT, October 31, 2005 – The Goodwin Hotel, the award-winning luxury property located in the center of Hartford’s business district at One Haynes Street, has recently been purchased by Northland Investment Corporation.  Northland Investment Corporation is the developer of the landmark Hartford 21 project, located across the street from the hotel.

Located within walking distance of the State Capital, government offices and cultural centers, the Goodwin Hotel has long been the hotel of choice for many heads of state and leaders in the entertainment and corporate world.  The property features luxuriously appointed rooms and suites along with a circa 1881 terra cotta Queen Anne architectural façade.  The hotel is also a registered historic landmark.

Renowned for its impeccable service to its guests and clients, the 124-room boutique property features 11 suites, Pierpont’s Restaurant, the America’s Cup Lounge, an exercise room and more than 6,500 square feet of meeting and banquet space.

Lawrence R. Gottesdiener, Chairman and Chief Executive Officer of Northland Investment Corporation, said, “We are excited about the potential synergies between the Goodwin Hotel and Hartford 21.”  The company’s strategy is to create a cluster of homes, shops, restaurants and public spaces that will activate Hartford’s downtown. Hartford 21 is comprised of 262 luxury rental apartments, 53,000 square feet of retail, 106,000 square feet of office space, and 800 parking spaces.  

“Northland’s ownership of the Goodwin Hotel, Hartford 21, CityPlace II and Trumbull Place will enable us to bring this vision of a 24-hour neighborhood to fruition.” Mr. Gottesdiener noted. 

About Northland Investment Corporation

Founded in 1970, Northland Investment Corporation is a privately held real estate investment firm, which specializes in the acquisition, development, operation and long-term ownership of commercial, retail, multifamily, industrial and hospitality properties throughout the United States.  Northland owns a $1.25 billion diversified real estate portfolio comprised of 15 million square feet, with major concentrations in New England and along the southern tier of the United States.
 
Northland Investment Corporation was the first national investment and development company to pursue real estate investment opportunities in Hartford with its 1997 acquisition of Metro Center.  Since that time, Northland has made a series of strategic acquisitions in Connecticut totaling 4.5 million square feet, valued at $500 million.  Current Connecticut holdings include Goodwin Square, Hartford 21, Trumbull Place, CityPlace II, Metro Center, The Crosthwaite Building, Bigelow Commons and The Pavilions.  For more information on Northland Investment Corporation, visit www.northland.com.

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Contact:

Northland Investment Corporation
www.northland.com
http://www.goodwinhotel.com

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Also See: Spurred by the Construction of the Connecticut Convention Center, Significant New Hotel Developments Occurring in Hartford / November 2003
Connecticut Building Inspector's Office Misses State Code Mandates for Handicapped Accessible Bathrooms; The Soon to Open Marriott Hartford Forced to Demolish 15 Rooms and Re-Build / July 2005


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