Caliber Acquires Ninth Hotel Property In Booming Chandler Corridor
SCOTTSDALE, Ariz. (PRWEB) July 24, 2018 -- Caliber - The Wealth Development Company recently closed on its ninth hotel property, Holiday Inn Ocotillo-Chandler. Situated alongside the Ocotillo Golf Club, the property features 106 guest rooms and more than 2,000 square-feet of multi-use meeting space. The $11.6 million acquisition brings Caliber’s total assets under management to more than $375 million. The property will be managed by HMC Hospitality, a recognized turn-around expert in full and select service, branded hotels.
“At Caliber we grow capital through investments backed by tangible assets and are diligent about selecting properties that will provide clients with sustainable returns,” said Chris Loeffler, Caliber founder and CEO. “We are confident that the Holiday Inn Ocotillo-Chandler will be a strong investment opportunity for years to come.”
Caliber’s hospitality strategy focuses on acquiring mid-to-upper scale, full-service properties catering largely to business travelers. This sector has proven itself to be recession-resilient, and with experienced management, a profitable investment. With the recent acquisition, Caliber and HMC will work to improve the hotel’s marketing and operations to increase net income and capitalize on explosive growth in the area. In line with this strategy, the Holiday Inn Ocotillo-Chandler is adjacent to Intel’s Fab 42, a $7 billion semiconductor manufacturing facility in Chandler, Ariz., and is poised to become a prime location for corporate travelers.
The property was financed with the help of ALFIE, a community-based lending solutions company providing short-term commercial real estate loans on a timely basis.
Caliber leads the market in providing individual accredited investors and registered investment advisors with well-structured alternatives to traditional investments. The company builds wealth by forming and managing real estate private equity investments, either through individual assets or multi-asset funds. Caliber’s hospitality portfolio includes Hampton Inn & Suites Scottsdale/Riverwalk, the Four Points by Sheraton Phoenix South Mountain and the buildout of a new 125-room hotel at the Tucson Convention Center. For details on investment options or to learn more about Caliber, visit CaliberCo.com.
About Caliber
Headquartered in Scottsdale, Ariz., Caliber - The Wealth Development Company is a full-service real estate investment company specializing in commercial, residential, multi-family, self-storage and hospitality properties. Since its inception in 2010, Caliber has grown its portfolio across the southwest to $375 million in real assets under management. Caliber’s investment cycle is managed 100 percent in-house through its five business units: Investment, Construction & Development, Property Management, Brokerage and Hospitality. Operating under the principles of integrity, responsibility, discipline and transparency, Caliber provides its more than 400 accredited investors with well-managed, diverse, asset-based investment strategies. Learn more at Caliberco.com or follow Caliber on social @CaliberCo.
Note To Investors
This Press Release Is Provided Solely For Information Purposes And Does Not Constitute Legal Or Investment Advice. This Is Neither An Offer To Sell Nor A Solicitation Of An Offer To Buy Securities. While We Endeavor To Keep The Information Up To Date And Correct, We Make No Representations Or Warranties Of Any Kind, Express Or Implied, About The Completeness, Accuracy Or Reliability Of The Data And Summaries Contained In This Press Release Or The Suitability Of Any Separate Offering For Investors. There Are Risks Associated With Any Investment. In Making An Investment Decision, Investors Must Rely On Their Own Examination Of The Company They Wish To Invest In Including The Merits And Risk Involved. Any Forward Looking Statement Speaks Only As Of The Date On Which Such Statement Is Made, And We Undertake No Obligation To Update Any Forward Looking Statement To Reflect Events Or Circumstances After The Date On Which Such Statement Is Made. Please Contact Caliber Directly At 480-295-7600 For Further Information.
Media Contact: Amber Liptai | 480-410-6076 | aliptai(at)bigyam.com
Amber Liptai, BIG YAM, The Parsons Agency, http://bigyam.com, +1 4804106076, [email protected]
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