Overview
Caliber Hospitality Trust (“CHT”), an externally advised private hospitality corporation, is a subsidiary of CaliberCos Inc. (NASDAQ: CWD). Led by an experienced team of agile entrepreneurs and specialists, CHT is designed to roll up hotel assets across the U.S. through tax-deferred contributions of those assets to CHT.
We focus on middle market full service, select service, extended stay, and lifestyle hotels in attractive locations that are benefiting from high population growth and high net migration. We take an opportunistic approach to assets – one that benefits our investors, contributors, operators and consumers. We see a compelling opening to disrupt the hospitality industry by tapping into the generational shift in wealth and buying power to younger generations who expect elevated hotel experiences no matter the type of the property. Leveraging Caliber’s vertically integrated platform and development expertise, CHT is adding value to portfolio assets and creating opportunities for third-party contributors. CHT’s asset management technology enables management of mixed asset classes, top-tier brands and third-party managers, who all interact via an integrated platform.
Our Structure
CHT offers a structure similar to an UPREIT structure for a company that has not yet elected REIT status as defined by the IRS code. This provides our contributors and investors with several advantages:
Tax-deferred Contributions
Owners of existing hotels may contribute their assets to CHT on a tax-deferred basis, allowing them to gain the benefits of the Trust without facing an immediate tax liability.
Enhanced Scale
Contributors and investors will benefit from the size and scale of CHT, which may provide potential benefits such as reduced costs of capital, lower overall expenses, and greater ability to properly staff asset management teams.
Capital
CHT believes its structure will enable it to better attract efficiently priced capital for debt reduction, required property improvement plans, and accretive acquisitions.
Liquidity
In contrast to a private partnership investment, CHT expects to enhance investor liquidity over time by pursuing institutional capital sources and an eventual public listing of its shares on a major exchange.
Permanent Capital
For contributors, partnering with CHT offers the ability to gain ownership in an entity designed to provide permanent capital – an asset we expect our contributors to leverage for future growth in their portfolios.
Owner-led Management
The majority of our hotel managers are owners in the CHT portfolio, bringing the results-focused work ethic of owner-operators.
Tax-deferred Contributions
Owners of existing hotels may contribute their assets to CHT on a tax-deferred basis, allowing them to gain the benefits of the Trust without facing an immediate tax liability.
Enhanced Scale
Contributors and investors will benefit from the size and scale of CHT, which may provide potential benefits such as reduced costs of capital, lower overall expenses, and greater ability to properly staff asset management teams.
Capital
CHT believes its structure will enable it to better attract efficiently priced capital for debt reduction, required property improvement plans, and accretive acquisitions.
Liquidity
In contrast to a private partnership investment, CHT expects to enhance investor liquidity over time by pursuing institutional capital sources and an eventual public listing of its shares on a major exchange.
Permanent Capital
For contributors, partnering with CHT offers the ability to gain ownership in an entity designed to provide permanent capital – an asset we expect our contributors to leverage for future growth in their portfolios.
Owner-led Management
The majority of our hotel managers are owners in the CHT portfolio, bringing the results-focused work ethic of owner-operators.
CHT Vision & Values
Vision:
Our vision is to build and protect generational wealth for hotel owners and investors by optimizing asset returns through profitable, efficient and dynamic hospitality concepts.
Values:
- Authenticity & Transparency
- Compassion & Service
- Vision & Agility
Leadership Team
Caliber Hospitality Trust’s experienced leadership team comprises key executives from our advisor, Caliber, as well as dedicated executives to execute our strategy.
Chris Loeffler
CEO & Co-Founder
Jennifer Schrader
President, COO & Co-Founder
Jade Leung
CFO
Roy Bade
CDO
John Hartman
CIO
Yaron Ashkenazi
Head of HospitaIity
George Pace
EVP Revenue
✓ Scaled Caliber to $2.9 billion in assets under management and assets under development, more than 2,000 customers and nearly 100 employees
✓ Broad expertise spanning strategy, capital raising, new product development, real estate investment and development, strategic partnerships, operations, capital markets, and sales & marketing
✓ Entrepreneurial, growth mindset coupled with a contrarian approach
✓ Aligned with shareholders - 50% stock ownership, including Co-Founders
Our Advisor
The founders of Caliber Hospitality Trust (“CHT”) believe in the inherent value created through a shared service model.
It enables CHT to be agile and take advantage of opportunities in a dynamic marketplace, while also effectively managing costs. CHT is an externally advised trust, leveraging the existing infrastructure of its Advisor as well as their experience with hospitality assets to grow. CHT is advised by CaliberCos Inc., (NASDAQ: CWD), a diversified alternative asset manager with strategies in real estate and credit. CHT was formed in 2022 in response to the market dynamics created by both the COVID-19 pandemic and the rapid rise in interest rates to offer an attractive option to hotel owners seeking alternative avenues to a sale of their hotel assets.
