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CaliberCos, Inc. Class A ( (CWD) ) just unveiled an announcement.
CaliberCos Inc., through its subsidiary Caliber Hospitality Trust, has announced a strategic expansion by acquiring seven hotel properties from Satori Collective, a move that’s set to increase their Fair Value Assets Under Management by over 15% to $890 million. Upon finalizing these contributions, Caliber’s portfolio will boast 22 hotels valued at $530 million, significantly enhancing their national presence and asset management revenue. This partnership aligns with Caliber’s growth strategy, promising diversified hospitality assets in strategic U.S. locations and solidifying their commitment to offering long-term value to investors.
Learn more about CWD stock on TipRanks’ Stock Analysis page.
