SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Indian Bend Hotel Group, LLC, an affiliate of CDIF, LLC, a private equity fund managed by Caliber Companies, announced today that it has closed on the purchase of the 101-room Hampton Inn & Suites Scottsdale-Riverwalk for $10.4 million. Built in 2012, the Hampton Inn & Suites Scottsdale-Riverwalk is the second hospitality acquisition orchestrated by Caliber and its investment funds. The Crowne Plaza Phoenix Airport Hotel, a 10-story, 290-room full-service property with an adjacent parking garage, was also purchased by a Caliber affiliate in 2013.
Located in the heart of the new North Scottsdale entertainment district, the Hampton Inn & Suites Scottsdale-Riverwalk is a Hilton Hotels brand property located near the Talking Stick Casino, Salt River Fields and the Scottsdale Pavilions. Heavlin Management Company (HMC) will manage the hotel’s day-to-day operations. Caliber and HMC will host a welcome party with formal ribbon cutting festivities November 5th at 11 a.m. Members of the community and general public are encouraged to attend. For additional details, call 480-295-7600.
“The Hampton Inn & Suites at Scottsdale-Riverwalk represents another significant stride for Caliber's equity fund, CDIF, LLC, and provides our private investment clients with tremendous growth potential,” said Chris Loeffler, Co-Founder & CEO of Caliber Companies. “The Hampton Inn has a great architectural feel, an ideal Scottsdale location and abundant facilities making it attractive to guests and groups.” He added, “This property exemplifies our continued confidence in the hospitality sector as we seek additional investments moving forward.”
Caliber CDIF Investment Opportunity
Caliber strives to be a best-in-class company and is focused on helping clients automate and maximize their income through diverse, asset-based investment strategies. Individuals interested in participating in this investment still have the opportunity to do so via the Caliber Distressed Real Estate Income Fund (CDIF). For information please contact Caliber at 480-295-7600 or Invest@caliberco.com. To view a brief video of the Hampton Inn & Suites Scottsdale-Riverwalk acquisition, click here.
Caliber Companies was recently named to the 2014 Inc. 500 list and will be recognized as one of the nation’s fastest-growing private companies at the Inc.500 Conference & Awards Ceremony at the JW Marriott Desert Ridge Resort & Spa, October 15-17, 2014.
About Caliber Companies
Founded in 2009, Caliber has evolved into a diversified real estate investment company that handles all aspects of real estate offerings. Caliber assists clients in growing their portfolios with assets including Private Notes, Single Family Residential Properties, Apartment Communities, Office Buildings, Hotels, Real Estate Development and Real Estate Private Equity Funds, Construction and Brokerage Management. To minimize risk and maximize returns, Caliber handles each aspect of the investment cycle in-house, including acquisition, remodel, management, and resale. For more information, please visit www.caliberco.com.