CaliberCos announces transaction with Satori Collective

Caliber announced that it has reached a definitive agreement with Satori Collective in which Satori will contribute seven hotel properties to Caliber subsidiary Caliber Hospitality Trust, or CHT, an externally advised private hospitality corporation. The transaction is expected to close in early 2025, subject to customary closing conditions. Atlanta-based Satori Collective, formerly known as Banyan Investment Group and founded in 2013, is an investment management firm focused primarily on hotel property investment. The seven Satori properties in this agreement include a mix of middle-market full service, select service and extended stay hotels in the Midwestern and Southern U.S., representing Marriott, Hilton and IHG hospitality brands. The combined portfolio value is approximately $120M.