Caliber Refinances Doubletree by Hilton Tucson Hotel Property

SCOTTSDALE, Ariz., May 21, 2025 (GLOBE NEWSWIRE) -- Caliber (NASDAQ: CWD), a real estate investor, developer, and manager, announced today the successful closing of a $22.5 million refinance for the DoubleTree by Hilton Hotel in Tucson, Arizona. The property is held within Caliber’s Tax-Advantaged Opportunity Zone Fund. Citi provided the funding and Arriba Capital served as the financial advisor on the cash-out refinance. Proceeds from the transaction will be used to further strengthen the asset and support ...