Caliber Hospitality Development Launches to Pursue Opportunistic and Distressed Hotel Investments
1. Caliber launched a joint venture for hospitality investments with GIA. 2. CHD will focus on acquiring distressed hotel assets and developing extended stays. 3. Initial funding of $2 million from GIA supports CHD's operations. 4. Caliber's strategy emphasizes rapid acquisition and strong demand-focused development. 5. CHD plans to build in high-demand markets starting with Hyatt Studios.