We hope you enjoyed your stay, Caliber completes $13 million hotel sale, plans hospitality expansion

Caliber (NASDAQ: CWD) sold the Holiday Inn Ocotillo in the Phoenix-Chandler area for $13.0 million, according to a company statement. The property was owned by Caliber Hospitality Trust, the company’s private investment vehicle focused on hospitality opportunities.

The Scottsdale-based real estate investor plans to use proceeds from the sale combined with new equity to expand the Caliber Hospitality Trust portfolio in 2026. Chief Executive Officer Chris Loeffler said the company acquired the property before the COVID-19 pandemic and decided to exit the investment to pursue other opportunities.

Caliber Hospitality Trust was established as an acquisition platform for branded hotels through tax-efficient transactions and strategic acquisitions. The company stated that during 2024 and 2025, it evaluated multiple acquisition opportunities but chose not to proceed with certain transactions that no longer met return requirements as hotel profitability declined nationally.

The trust targets hotels that generate positive cash flow but face loan maturities and required property improvements. Caliber’s strategy focuses on maximizing distributable cash flow relative to equity deployed through disciplined underwriting and renovations.

As the sponsor and external advisor to the trust, Caliber generates revenue through asset management fees and performance-based incentives. The company expects growth of the trust’s assets to contribute to increased recurring revenue at the corporate level.