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Caliber Hospitality Trust and Satori Collective Announce Partnership to Contribute Seven New Hotels
Oct 08, 2024•over 1 year ago
Contract Type
partnership
Description
Caliber Hospitality Trust (CHT) has reached a definitive agreement with Satori Collective to contribute seven hotel properties to CHT, expanding CHT's assets under management from $234 million to $530 million upon closing. The partnership will add a diverse set of properties in strategic locations and reinforce the commitment to deliver superior value to investors.
Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months