/

|

Caliber (NASDAQ: CWD), a real estate investor, developer, and manager, today announced the launch of Caliber Hospitality Development, LLC (“CHD”), a joint venture between Caliber and GIA Hospitality, LLC (“GIA”). CHD will serve as the exclusive development platform for Caliber’s opportunistic hospitality investments, with a focus on acquiring distressed hotel assets and developing extended stay hotels in high-demand markets.

The joint venture was seeded with an initial $2 million investment from GIA and is supported by Caliber’s integrated real estate services, including development, construction, finance, and asset management. CHD will operate independently under the Caliber Hospitality brand.