CaliberCos Inc. (Caliber) completed the sale of the Holiday Inn Ocotillo in the Phoenix-Chandler submarket for $13.0 million. The asset was owned by Caliber Hospitality Trust, Inc. (CHT), Caliber's private Umbrella Partnership C-Corporation (Up-C) vehicle. Caliber intends to recycle the proceeds from this sale and combine them with new equity raised through its in-house capital markets platform and institutional partnerships. The combined capital will be used to begin expanding the CHT portfolio in 2026, with 2026-2027 identified as a more compelling acquisition window. CHT's strategy focuses on aggregating branded, cash-flowing hotels through tax-efficient contribution transactions, strategic value-add acquisitions, select development, and partnerships. The Trust aims to maximize distributable cash flow relative to equity deployed, emphasizing disciplined underwriting, value-add renovations, and asset management. As the sponsor and external advisor to CHT, Caliber expects to generate revenue through asset management fees, performance-based incentives, and potential balance sheet participation. CHT's long-term objective is to achieve sufficient size and operating performance for a public listing, potentially via a non-traded REIT structure offering quarterly liquidity.