Caliber completed the sale of the Holiday Inn Ocotillo in the Phoenix–Chandler submarket for $13 million. The asset was owned by Caliber Hospitality Trust, Inc. (CHT); Caliber’s private Umbrella partnership C-corporation (Up-C) vehicle focused on transformational and value enhancing opportunities in the hospitality space. Other terms and conditions were not disclosed.
“This transaction reflects the discipline of our acquisition and repositioning strategy,” Caliber CEO Chris Loeffler said in a statement. “We acquired the property prior to COVID, navigated through one of the most disruptive periods in the history of the hospitality industry, and exited the investment at a time when we are seeing better uses of capital. We now turn our attention back to growth as we enter a market full of new opportunities to create value for CHT.”
Caliber intends to recycle proceeds from the Holiday Inn Ocotillo sale, combine them with new equity raised through its in-house capital markets platform and institutional partnerships, and begin expanding the CHT portfolio in 2026.
Caliber Hospitality Trust Strategy
CHT was formed as an institutional-grade acquisition platform designed to aggregate branded, cash-flowing hotels through tax-efficient hotel contribution transactions, strategic value-add acquisitions, select development opportunities and strategic partnerships…