Caliber has completed the sale of the Holiday Inn Ocotillo property for $13 million, marking a strategic divestiture in its real estate portfolio. The company has signaled ambitions to expand its hospitality footprint by 2026.
- Caliber completed the $13 million sale of Holiday Inn Ocotillo on March 1, 2026.
- The property spans 73,000 square feet and sold for $178 per square foot.
- The transaction was structured as a private sale to a real estate investor.
- Caliber plans to reinvest proceeds into a new hospitality project by 2026.
- The company remains focused on portfolio optimization in non-core markets.
- Holiday Inn Ocotillo is part of IHG’s global branded hotel network.
Caliber has officially closed the transaction for the sale of the Holiday Inn Ocotillo in Ocotillo, California, for $13 million. The property, part of the global Holiday Inn brand operated under InterContinental Hotels Group (IHG), was acquired by a private real estate entity in a deal finalized on March 1, 2026. The sale reflects Caliber’s ongoing portfolio optimization strategy, focusing on capital reallocation toward higher-growth markets. The proceeds from the transaction are expected to be reinvested into Caliber’s development pipeline, with the company setting a target to launch a new hospitality project by 2026. While no specific location or brand for the new venture has been disclosed, the timeline suggests early-stage planning is underway. The transaction adds to Caliber's recent trend of asset sales in non-core markets, consistent with a broader industry shift toward liquidity and strategic refocusing. The $13 million sale price translates to approximately $178 per square foot, based on the property’s reported 73,000 square feet of space. This figure aligns with recent regional benchmarks for midscale hotel properties in Southern California, indicating a stable market for such assets. The sale did not trigger material changes in Caliber’s debt or equity structure, and the company remains on track with its long-term capital deployment plan. Market participants view the transaction as a routine corporate move rather than a signal of broader sector weakness. The hospitality real estate segment has seen steady performance in 2026, with occupancy rates in key U.S. markets averaging 78.3%, up 4.1 percentage points from the same period in 2025. Caliber’s expansion target, while aspirational, underscores continued confidence in travel demand recovery and long-term real estate value appreciation.