Developing Extended-Stay Hotels Where Demand Outpaces Supply

Caliber Hospitality Development focuses on building high-quality extended-stay hotels in U.S. markets where demand has recovered, supply remains constrained, and new product is needed.

Caliber Hospitality Development is Caliber’s hospitality development platform, focused on extended-stay hotel development, distressed hospitality assets, and heavy value-add strategies. CHD was formed as a joint venture between Caliber and GIA Hospitality and serves as the exclusive development platform for Caliber’s opportunistic hospitality investments.

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Investment Thesis

The U.S. hospitality market continues to face a supply and demand imbalance in select markets. New hotel development slowed following the pandemic and rising interest rates, while travel demand has recovered across business, leisure, relocation, and workforce-driven segments.

CHD targets markets where demand drivers are durable, new supply is limited, and modern extended-stay product is needed.

Why Extended Stay

Extended-stay hotels serve a wide range of travelers, including corporate guests, project-based workers, relocating families, and leisure travelers seeking flexible accommodations. Features such as kitchenettes, larger room layouts, and longer stay flexibility make the format adaptable across multiple demand segments.

Current Development Pipeline

CHD manages the full development lifecycle, including site acquisition, underwriting, entitlements, brand selection, franchise structuring, design, construction management, asset management, and operational oversight.

Georgetown, Texas
Greater Austin growth corridor

Phoenix, AZ / TSMC Cooridor
Semiconductor and workforce-driven demand

Steamboat Springs, Colorado
Supply-constrained resort market

Scottsdale, Arizona / Talking Stick
Destination market with tourism and business demand drivers

Leadership Team

Caliber's hospitality team brings decades of experience across global hotel operations, brand development, and asset turnarounds. With a proven track record in managing and repositioning hotel assets, our team is built to drive value through operational excellence and strategic execution.

Jennifer Schrader
President & Co-Founder

Michael Hedges
Director of Asset Management

Izhak Ben Shabat
Hospitality Development

Todd Wagner
Director of Asset Management

Greg James
COO

Jarrod Halpenny
VP of Construction & Development

Yaron Ashkenazi
Head of Hospitality

Mike Buysse
Senior Analyst

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