Caliber Sells Holiday Inn Ocotillo for $13M to Fuel 2026 Hospitality Expansion
Caliber (Nasdaq: CWD) has finalized the $13 million sale of the Holiday Inn Ocotillo in the Phoenix-Chandler submarket, marking a strategic exit from a pre-COVID acquisition. The proceeds will be recycled into the Caliber Hospitality Trust (CHT) to drive a new phase of institutional-grade hotel acquisitions and portfolio scaling through 2027.