Caliber Hospitality Trust Expands Roll-Up with Seven New Hotels from Satori Collective
Caliber (NASDAQ: CWD) has announced a definitive agreement with Satori Collective to contribute seven hotel properties to Caliber Hospitality Trust (CHT). The transaction, expected to close in early 2025, will increase CHT's portfolio to 22 hotels with a valuation of $530 million. The Satori properties, valued at approximately $120 million, include middle-market full service, select service, and extended stay hotels in the Midwestern and Southern U.S.
Upon closing, Caliber's asset management revenue run rate will increase by $2.4 million, or 42%. The hotels will be operated by Aperture Hotels, focusing on delivering outperforming gross operating profit margins. This contribution expands Caliber's multi-state footprint into markets with unique growth drivers, including proximity to university campuses, sports complexes, and local airports.
Caliber (NASDAQ: CWD) ha annunciato un accordo definitivo con Satori Collective per contribuire con sette strutture alberghiere al Caliber Hospitality Trust (CHT). La transazione, che dovrebbe chiudersi all'inizio del 2025, aumenterà il portafoglio di CHT a 22 hotel, con una valutazione di 530 milioni di dollari. Le proprietà di Satori, valutate circa 120 milioni di dollari, comprendono hotel di servizio completo, hotel selezionati e hotel per soggiorni prolungati nel Midwest e nel Sud degli Stati Uniti.
Al momento della chiusura, il tasso di entrate della gestione patrimoniale di Caliber aumenterà di 2,4 milioni di dollari, ovvero il 42%. Gli hotel saranno gestiti da Aperture Hotels, con l'obiettivo di ottenere margini di profitto operativo lordo superiori alla media. Questa contribuzione espande la presenza multi-stato di Caliber in mercati con fattori di crescita unici, tra cui la vicinanza a campus universitari, complessi sportivi e aeroporti locali.
Caliber (NASDAQ: CWD) ha anunciado un acuerdo definitivo con Satori Collective para contribuir con siete propiedades hoteleras al Caliber Hospitality Trust (CHT). La transacción, que se espera que finalice a principios de 2025, aumentará la cartera de CHT a 22 hoteles con una valoración de $530 millones. Las propiedades de Satori, valoradas en aproximadamente $120 millones, incluyen hoteles de servicio completo, hoteles de servicio selecto y hoteles de estancia prolongada en el Medio Oeste y el Sur de EE. UU.
Al cierre, los ingresos por gestión de activos de Caliber aumentarán en $2.4 millones, o un 42%. Los hoteles serán operados por Aperture Hotels, centrados en ofrecer márgenes de utilidad operativa bruta superiores al promedio. Esta contribución amplía la huella multiestatal de Caliber en mercados con impulsores de crecimiento únicos, incluyendo la proximidad a campus universitarios, complejos deportivos y aeropuertos locales.
Caliber (NASDAQ: CWD)는 Satori Collective와의 확정 계약을 통해 Caliber Hospitality Trust (CHT)에 7개의 호텔 자산을 기여하기로 발표하였습니다. 2025년 초에 완료될 것으로 예상되는 이번 거래는 CHT의 포트폴리오를 22개 호텔로 확대하며, 평가액은 5억 3천만 달러입니다. Satori 자산은 약 1억 2천만 달러로 평가되며, 중간 시장의 전체 서비스, 선택 서비스 및 장기 체류 호텔이 포함되고 있습니다, 중서부 및 남부 미국에 위치하고 있습니다.
거래가 완료되면 Caliber의 자산 관리 수익률은 240만 달러, 즉 42% 증가할 것입니다. 이 호텔들은 Aperture Hotels에 의해 운영되며, 뛰어난 총 운영 이익률을 제공하는 데 중점을 두고 있습니다. 이 기여는 Caliber의 다국가적 입지를 독특한 성장 동력이 있는 시장으로 확장하며, 대학 캠퍼스, 스포츠 단지 및 지역 공항과의 근접성을 포함합니다.
Caliber (NASDAQ: CWD) a annoncé un accord définitif avec Satori Collective pour contribuer sept propriétés hôtelières au Caliber Hospitality Trust (CHT). La transaction, qui devrait être finalisée début 2025, augmentera le portefeuille de CHT à 22 hôtels avec une valorisation de 530 millions de dollars. Les propriétés Satori, évaluées à environ 120 millions de dollars, comprennent des hôtels de service complet, des hôtels de service sélectif et des hôtels de séjour prolongé dans le Midwest et le Sud des États-Unis.
À la clôture, le taux de revenus de la gestion d'actifs de Caliber augmentera de 2,4 millions de dollars, soit 42 %. Les hôtels seront exploités par Aperture Hotels, avec un accent sur la réalisation de marges bénéficiaires brutes d'exploitation supérieures à la moyenne. Cette contribution élargit l'empreinte multisectorielle de Caliber sur des marchés avec des moteurs de croissance uniques, y compris la proximité des campus universitaires, des complexes sportifs et des aéroports locaux.
Caliber (NASDAQ: CWD) hat eine endgültige Vereinbarung mit Satori Collective bekannt gegeben, um sieben Hotelimmobilien in den Caliber Hospitality Trust (CHT) einzubringen. Die Transaktion, die voraussichtlich Anfang 2025 abgeschlossen wird, wird das Portfolio von CHT auf 22 Hotels mit einer Bewertung von 530 Millionen Dollar erhöhen. Die Satori-Immobilien, die auf etwa 120 Millionen Dollar geschätzt werden, umfassen mittelklassige Vollservice-, Selektivservice- und Langzeitaufenthalts Hotels im Mittleren Westen und im Süden der USA.
Nach dem Abschluss wird sich die Einnahme-Runrate von Calibers Asset Management um 2,4 Millionen Dollar, oder 42%, erhöhen. Die Hotels werden von Aperture Hotels betrieben, die sich darauf konzentrieren, überdurchschnittliche Bruttobetriebsgewinnmargen zu erzielen. Dieser Beitrag erweitert Calibers multistaatliche Präsenz in Märkte mit einzigartigen Wachstumsfaktoren, einschließlich der Nähe zu Universitätskampussen, Sportanlagen und lokalen Flughäfen.
- Acquisition of 7 new hotel properties, increasing portfolio value by $120 million
- Expansion of Caliber Hospitality Trust portfolio to 22 hotels with $530 million valuation
- Projected 42% increase in asset management revenue run rate, adding $2.4 million
- Diversification of portfolio with properties in strategic locations across Midwestern and Southern U.S.
- Partnership with Aperture Hotels to optimize operations and deliver outperforming gross operating profit margins
- Transaction not expected to close until early 2025, delaying immediate financial benefits
- Potential dilution for existing shareholders due to issuance of OP Units to Satori Collective
Insights
The agreement between Caliber and Satori Collective marks a significant expansion for Caliber Hospitality Trust (CHT). This deal will increase CHT's portfolio from 15 to 22 hotels, boosting its AUM from
The
Investors should note the projected closing date in early 2025, which indicates a long-term growth strategy. This expansion aligns with Caliber's goal of scaling up and accessing permanent capital, potentially positioning the company for stronger financial performance and increased market share in the hospitality sector.
This transaction represents a strategic move in the hospitality real estate sector. By acquiring Satori's portfolio, Caliber is diversifying its holdings across different hotel types (full service, select service and extended stay) and expanding its geographical footprint. This diversification can help mitigate market-specific risks and capitalize on various growth drivers in different regions.
The partnership with Aperture Hotels for property management is noteworthy. Their claim of delivering above-average gross operating profit margins could translate to improved financial performance for the acquired properties. However, investors should monitor the integration process and actual performance post-acquisition.
The deal structure, offering cash or OP Units, provides flexibility for contributors and aligns interests for long-term value creation. This model could attract more hotel owners looking for liquidity or growth capital without an outright sale, potentially fueling further expansion for Caliber. The company's active discussions with other potential contributors suggest a pipeline for future growth, which could positively impact Caliber's market position and financial outlook.
-
Satori assets will increase Caliber’s FV AUM by
15.52% to$890 million -
Upon closing of all contributed properties to date, the Trust’s portfolio will expand to 22 hotels, and the portfolio valuation will increase to
$530 million
With the Satori portfolio, CHT currently has 15 properties in the closing process. Upon closing those contributions, CHT will have 22 hotels in ownership and have expanded its assets under management (“AUM”) from
“This contribution significantly enhances our hospitality portfolio, providing us with a diverse set of properties in strategic locations,” said Caliber CEO Chris Loeffler. “By integrating Satori’s assets into CHT, we are not only expanding our national footprint but also reinforcing our commitment to deliver superior value to our investors. This partnership exemplifies our strategy of adding value to income-producing assets to accelerate growth and create sustainable, long-term returns.”
Andy Chopra, Co-Founder and Managing Partner of Satori Collective, said, “We are honored to partner with Caliber. The quality of our portfolio and our capabilities as an investment manager align perfectly with Caliber’s vision. This partnership will allow us to continue growing and optimizing our operations nationwide.”
These hotels will continue to be operated by Aperture Hotels, an emerging leader in the hotel management industry. The company operates properties with the world’s largest hotel brands following a value-based approach to management that delivers an outperforming gross operating profit margin on a portfolio-wide basis.
Satori’s contribution will further expand Caliber’s multi-state footprint into markets with unique growth drivers, including their proximity to university campuses, sports complexes, manufacturing facilities, and local airports. The locations are
Loeffler continued, “Many hotel owners across the
Under the terms of the contribution agreement, Satori will receive cash and/or operating partnership units (“OP Units”) in exchange for the contribution of its seven hotels. Caliber is in active discussions with other potential third-party contributors to CHT and expects to make additional announcements in the months ahead. Founding contributors to CHT have the opportunity to receive operating capital and an immediate ownership stake in the company through a tax-free exchange for OP Units. Interested parties should reach out to Invest@CaliberCo.com for additional information about contributing hotels to the CHT strategy or investing in the opportunity. Investment in Caliber's private funds, including CHT, is available to accredited investors only.
About Caliber (CaliberCos Inc.)
With more than
About Caliber Hospitality Trust
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 offers a unique opportunity in an UPREIT strategy for hotel owners and managers to access scale on a tax-deferred basis. CHT is targeting middle-market, full service, select service, extended stay, and lifestyle hotels in attractive geographic locations. 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. More information at www.CaliberHospitality.com.
About Satori Collective
About Aperture Hotels
Aperture Hotels is an emerging leader in the hotel industry. The company provides third-party hotel management services to discerning investors with the largest hotel brands in the world, including Marriott, Hilton, Hyatt, IHG, Sonesta, Wyndham, Choice, and numerous independent hotels. Managed properties range from midscale to upper-upscale price class in select-service, compact full-service, and lifestyle categories across the US. Aperture’s value-based approach to management is evidenced by outperforming profit margins and achievement of outsized risk adjusted returns for hotel investors.
Forward-Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” "will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the final prospectus related to the Company’s public offering filed with the SEC and other reports filed with the SEC thereafter. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.
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Caliber:
Victoria Rotondo
+1 720-289-1875
Victoria.rotondo@caliberco.com
Media Relations:
Meghan Powers
Financial Profiles
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Investor Relations:
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Financial Profiles
+1 310 622 8251
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Source: Caliber
FAQ
What is the value of the 7 hotel properties Caliber (CWD) is acquiring from Satori Collective?
How many hotels will Caliber Hospitality Trust own after the Satori acquisition?
What is the expected increase in Caliber's asset management revenue after the Satori deal?
When is the Caliber (CWD) and Satori Collective transaction expected to close?
What types of hotels are included in the Satori portfolio being acquired by Caliber (CWD)?
