Caliber Refinances Doubletree by Hilton Tucson Hotel Property
Caliber (NASDAQ: CWD) has successfully secured a $22.5 million refinancing for its DoubleTree by Hilton Hotel in Tucson, Arizona, through Citi, with Arriba Capital as financial advisor. The hotel property, which opened in 2021, is part of Caliber's Tax-Advantaged Opportunity Zone Fund, which manages approximately $271 million across 18 real estate assets.
The cash-out refinance proceeds will be used to strengthen the asset and support reinvestment across the Fund's portfolio. The hotel, developed in partnership with Rio Nuevo and the City of Tucson, is operated by Highgate Hospitality under a Hilton Worldwide franchise agreement. Located near the University of Arizona and downtown Tucson, the property has become a significant contributor to local economic development.
Caliber (NASDAQ: CWD) ha ottenuto con successo un rifinanziamento da 22,5 milioni di dollari per il suo DoubleTree by Hilton Hotel a Tucson, Arizona, tramite Citi, con Arriba Capital come consulente finanziario. La struttura alberghiera, inaugurata nel 2021, fa parte del Tax-Advantaged Opportunity Zone Fund di Caliber, che gestisce circa 271 milioni di dollari distribuiti su 18 immobili.
I proventi del rifinanziamento in contanti saranno utilizzati per rafforzare l’immobile e sostenere nuovi investimenti nel portafoglio del Fondo. L’hotel, sviluppato in collaborazione con Rio Nuevo e la città di Tucson, è gestito da Highgate Hospitality sotto un accordo di franchising con Hilton Worldwide. Situato vicino all’Università dell’Arizona e al centro di Tucson, l’immobile è diventato un importante motore per lo sviluppo economico locale.
Caliber (NASDAQ: CWD) ha asegurado con éxito un refinanciamiento de 22,5 millones de dólares para su DoubleTree by Hilton Hotel en Tucson, Arizona, a través de Citi, con Arriba Capital como asesor financiero. La propiedad hotelera, inaugurada en 2021, forma parte del Fondo de Oportunidades con Ventajas Fiscales de Caliber, que administra aproximadamente 271 millones de dólares en 18 activos inmobiliarios.
Los fondos obtenidos del refinanciamiento se usarán para fortalecer el activo y apoyar la reinversión en la cartera del Fondo. El hotel, desarrollado en asociación con Rio Nuevo y la Ciudad de Tucson, es operado por Highgate Hospitality bajo un acuerdo de franquicia con Hilton Worldwide. Ubicado cerca de la Universidad de Arizona y el centro de Tucson, la propiedad se ha convertido en un contribuyente significativo al desarrollo económico local.
Caliber (NASDAQ: CWD)는 Citi를 통해 애리조나주 투손에 위치한 DoubleTree by Hilton 호텔에 대해 2,250만 달러 규모의 재융자를 성공적으로 확보했으며, Arriba Capital이 금융 자문을 제공했습니다. 2021년에 개장한 이 호텔은 약 2억 7,100만 달러 규모의 18개 부동산 자산을 관리하는 Caliber의 세금 우대 기회 구역 펀드의 일부입니다.
현금 인출 재융자 자금은 자산 강화 및 펀드 포트폴리오 전반에 걸친 재투자를 지원하는 데 사용될 예정입니다. Rio Nuevo 및 투손 시와 협력하여 개발된 이 호텔은 Hilton Worldwide 프랜차이즈 계약 하에 Highgate Hospitality가 운영하고 있습니다. 애리조나 대학교와 투손 시내 근처에 위치한 이 호텔은 지역 경제 발전에 크게 기여하고 있습니다.
Caliber (NASDAQ: CWD) a réussi à obtenir un refinancement de 22,5 millions de dollars pour son DoubleTree by Hilton Hotel à Tucson, Arizona, via Citi, avec Arriba Capital en tant que conseiller financier. L'hôtel, ouvert en 2021, fait partie du fonds Tax-Advantaged Opportunity Zone de Caliber, qui gère environ 271 millions de dollars répartis sur 18 actifs immobiliers.
Les fonds issus de ce refinancement en espèces seront utilisés pour renforcer l’actif et soutenir la réinjection de capitaux dans le portefeuille du Fonds. L’hôtel, développé en partenariat avec Rio Nuevo et la ville de Tucson, est exploité par Highgate Hospitality sous un contrat de franchise Hilton Worldwide. Situé à proximité de l’Université de l’Arizona et du centre-ville de Tucson, cet établissement contribue significativement au développement économique local.
Caliber (NASDAQ: CWD) hat erfolgreich eine 22,5 Millionen US-Dollar Refinanzierung für sein DoubleTree by Hilton Hotel in Tucson, Arizona, über Citi gesichert, wobei Arriba Capital als Finanzberater fungierte. Die Hotelimmobilie, die 2021 eröffnet wurde, ist Teil von Calibers steuerlich begünstigtem Opportunity Zone Fonds, der etwa 271 Millionen US-Dollar über 18 Immobilien verwaltet.
Die Erlöse aus der Barauszahlung der Refinanzierung werden verwendet, um die Immobilie zu stärken und Reinvestitionen im Portfolio des Fonds zu unterstützen. Das Hotel, das in Partnerschaft mit Rio Nuevo und der Stadt Tucson entwickelt wurde, wird von Highgate Hospitality unter einem Franchisevertrag mit Hilton Worldwide betrieben. In der Nähe der University of Arizona und der Innenstadt von Tucson gelegen, trägt die Immobilie maßgeblich zur lokalen wirtschaftlichen Entwicklung bei.
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Insights
Caliber's $22.5M cash-out refinance strengthens their balance sheet while demonstrating asset value appreciation and expanding banking relationships.
Caliber has successfully executed a
The refinancing achieves multiple strategic objectives simultaneously. First, it extracts capital from an operational asset while maintaining ownership, effectively recycling capital without divesting. Second, it establishes a new banking relationship with Citi, a top-tier financial institution, expanding Caliber's access to institutional capital. Third, the ability to secure favorable terms in today's market indicates lender confidence in both the asset quality and Caliber's management.
The property sits within Caliber's Tax-Advantaged Opportunity Zone Fund, which holds approximately
What's particularly noteworthy is CEO Chris Loeffler's statement that "financing markets are showing renewed strength," suggesting improved debt availability for commercial real estate - a positive indicator for Caliber's broader
SCOTTSDALE, Ariz., May 21, 2025 (GLOBE NEWSWIRE) -- Caliber (NASDAQ: CWD), a real estate investor, developer, and manager, announced today the successful closing of a
Proceeds from the transaction will be used to further strengthen the asset and support reinvestment across the Fund’s portfolio, advancing ongoing growth and value creation within Caliber’s Opportunity Zone strategy.
“The DoubleTree by Hilton Tucson Downtown Convention Center is a high-quality asset in a strong market, and this transaction underscores its long-term value,” said Chris Loeffler, CEO of Caliber, “This is Caliber’s first financing with Citi, a relationship we expect will grow with time, and our first closing with Arriba Capital, who acted as an advisor in the financing. The financing markets are showing renewed strength and Caliber expects to continue to close deals throughout 2025.”
The hotel, developed by Caliber in partnership with Rio Nuevo, a TIF district, and the City of Tucson, opened in 2021. The property is operated by Highgate Hospitality under a long-term franchise agreement with Hilton Worldwide. Located just minutes from the University of Arizona, downtown Tucson, and key medical and business hubs, the property has become a key contributor to local economic development.
“This transaction reflects both the strength of the underlying asset and Caliber’s continued ability to realize value through disciplined execution,” said Ryan Bosch, Principal at Arriba Capital, which acted as the financial advisor on the deal. “Delivering sponsor liquidity while positioning the asset for long-term success made this a win on all sides.”
Caliber’s Tax-Advantaged Opportunity Zone Fund targets strategic real estate investments in high-growth markets across the Southwest, with a focus on delivering long-term risk-adjusted returns while driving positive community impact. The Fund is closed for new investment and is seeking opportunities to acquire or merge with established Opportunity Zone funds seeking to diversify their holdings and gain access to scale. The Fund manages approximately
For more information on the project, visit Caliber’s website.
About Caliber (CaliberCos Inc.)
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CONTACTS:
Caliber Investor Relations:
Ilya Grozovsky
+1 480-214-1915
Ilya@CaliberCo.com
