Caliber refinances DoubleTree by Hilton Tucson with $22.5M cash-out loan from Citi

CaliberCos Inc.

Refinancing of DoubleTree by Hilton Tucson Downtown Convention Center; $22.5M cash-out facility.
Citi provided funding; Arriba Capital served as financial advisor on the transaction.
Proceeds to strengthen asset and support reinvestment across Caliber's Opportunity Zone Fund portfolio.
Fund manages ~$271M across 18 assets; closed to new investment but seeking acquisitions or mergers.

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