Caliber Acquires Holiday Inn & Suites Phoenix Airport North in Arizona

Caliber Companies | July 7, 2015

SCOTTSDALE, Ariz. -- July 7, 2015 --The 44th and McDowell Hotel Group, LLC, an affiliate of the Caliber Distressed Real Estate Income Fund (CDIF, LLC) private equity fund managed by Caliber Companies, today announced its acquisition of the 4-story, 228-room Holiday Inn Hotel & Suites Phoenix Airport North in Phoenix Arizona. The hotel is the Company's third hospitality acquisition in three years. Along with the Crowne Plaza Phoenix Airport Hotel purchased in 2012, Caliber now dominates the Phoenix Airport North Submarket with ownership of an estimated 30% of available hospitality rooms located within 1.5 miles of Phoenix Sky Harbor ...