Caliber Enters Exclusive Development Agreement with Hyatt to Bring 15 Hyatt Studios Hotels to Key U.S. Markets
Caliber (NASDAQ: CWD) has entered into a Development Rights Agreement with Hyatt Hotels Corporation to develop 15 new Hyatt Studios hotels across five states: Arizona, Colorado, Nevada, Texas, and Louisiana. The first hotel will break ground in Georgetown, Texas in Q4 2025, followed by a second location in Scottsdale, Arizona in Q2 2026.
Hyatt Studios, launched in 2023, is Hyatt's first upper-midscale extended-stay brand. Each hotel will feature approximately 122 apartment-style suites with in-room kitchens and amenities. Caliber expects to complete the developments over 3-5 years, projecting to add $400 million in assets under management to their platform.
Caliber (NASDAQ: CWD) ha stipulato un Accordo per i Diritti di Sviluppo con Hyatt Hotels Corporation per realizzare 15 nuovi hotel Hyatt Studios in cinque stati: Arizona, Colorado, Nevada, Texas e Louisiana. Il primo hotel sarà avviato a Georgetown, Texas, nel quarto trimestre del 2025, seguito da una seconda struttura a Scottsdale, Arizona, nel secondo trimestre del 2026.
Hyatt Studios, lanciato nel 2023, è il primo marchio di Hyatt nel segmento upper-midscale per soggiorni prolungati. Ogni hotel offrirà circa 122 suite in stile appartamento con cucine e servizi in camera. Caliber prevede di completare gli sviluppi entro 3-5 anni, stimando un incremento di 400 milioni di dollari in asset under management sulla loro piattaforma.
Caliber (NASDAQ: CWD) ha firmado un Acuerdo de Derechos de Desarrollo con Hyatt Hotels Corporation para desarrollar 15 nuevos hoteles Hyatt Studios en cinco estados: Arizona, Colorado, Nevada, Texas y Luisiana. El primer hotel comenzará su construcción en Georgetown, Texas, en el cuarto trimestre de 2025, seguido por una segunda ubicación en Scottsdale, Arizona, en el segundo trimestre de 2026.
Hyatt Studios, lanzado en 2023, es la primera marca de Hyatt en el segmento upper-midscale para estancias prolongadas. Cada hotel contará con aproximadamente 122 suites tipo apartamento con cocinas y comodidades en la habitación. Caliber espera completar los desarrollos en 3-5 años, proyectando añadir 400 millones de dólares en activos bajo gestión a su plataforma.
Caliber (NASDAQ: CWD)는 Hyatt Hotels Corporation과 개발 권리 계약을 체결하여 애리조나, 콜로라도, 네바다, 텍사스, 루이지애나 5개 주에 걸쳐 15개의 신규 Hyatt Studios 호텔을 개발할 예정입니다. 첫 번째 호텔은 2025년 4분기에 텍사스 주 조지타운에서 착공하며, 두 번째 호텔은 2026년 2분기에 애리조나 주 스코츠데일에 들어설 예정입니다.
2023년에 출시된 Hyatt Studios는 Hyatt의 첫 번째 중상급 장기 숙박 브랜드입니다. 각 호텔은 약 122개의 아파트 스타일 스위트룸과 객실 내 주방 및 편의시설을 갖추게 됩니다. Caliber는 3-5년 내에 개발을 완료할 계획이며, 플랫폼에 4억 달러 규모의 운용 자산을 추가할 것으로 예상합니다.
Caliber (NASDAQ : CWD) a conclu un accord de droits de développement avec Hyatt Hotels Corporation pour développer 15 nouveaux hôtels Hyatt Studios dans cinq États : Arizona, Colorado, Nevada, Texas et Louisiane. Le premier hôtel sera construit à Georgetown, Texas, au quatrième trimestre 2025, suivi d’un second emplacement à Scottsdale, Arizona, au deuxième trimestre 2026.
Hyatt Studios, lancé en 2023, est la première marque de Hyatt dans le segment upper-midscale pour les séjours prolongés. Chaque hôtel comprendra environ 122 suites de type appartement avec cuisines et équipements en chambre. Caliber prévoit de finaliser ces développements sur 3 à 5 ans, avec une projection d’ajouter 400 millions de dollars d’actifs sous gestion à leur plateforme.
Caliber (NASDAQ: CWD) hat eine Entwicklungsrechtsvereinbarung mit Hyatt Hotels Corporation geschlossen, um 15 neue Hyatt Studios Hotels in fünf Bundesstaaten zu entwickeln: Arizona, Colorado, Nevada, Texas und Louisiana. Das erste Hotel wird im vierten Quartal 2025 in Georgetown, Texas, gebaut, gefolgt von einem zweiten Standort in Scottsdale, Arizona, im zweiten Quartal 2026.
Hyatt Studios, das 2023 eingeführt wurde, ist Hyatts erste Marke im oberen Mittelklassebereich für Langzeitaufenthalte. Jedes Hotel wird etwa 122 apartementähnliche Suiten mit Küchen und Annehmlichkeiten im Zimmer bieten. Caliber plant, die Entwicklungen innerhalb von 3-5 Jahren abzuschließen und erwartet, 400 Millionen US-Dollar an verwalteten Vermögenswerten zu seiner Plattform hinzuzufügen.
- Development agreement grants exclusive rights in five key states
- Expected to add $400 million in assets under management
- Strategic timing with lower hotel inventory than 2020 and historically low new construction starts
- Partnership with established brand Hyatt, which has over 1,450 hotels globally
- Efficient build cost and lean operating model of Hyatt Studios brand
- Significant capital investment required for 15 hotel developments
- Extended development timeline of 3-5 years before full completion
- Market-dependent expansion subject to economic conditions
- Potential competition in the extended-stay segment
Insights
Caliber's exclusive deal to develop 15 Hyatt Studios hotels represents significant portfolio growth, adding $400M to their assets under management through strategic market targeting.
This exclusive development agreement positions Caliber to capitalize on a recognized market inefficiency in the hospitality sector. The press release highlights that current hotel inventory remains below January 2020 levels, combined with historically low construction starts despite recovering demand – creating favorable supply-demand dynamics for new developments.
The agreement's financial impact is substantial: these 15 properties are expected to deliver
Securing exclusive development rights across five states (Arizona, Colorado, Nevada, Texas, and Louisiana) creates significant territorial advantage. The initial projects in Georgetown, Texas (Q4 2025) and Scottsdale, Arizona (Q2 2026) establish a methodical rollout strategy targeting what Caliber describes as "attractive, underserved markets."
The upper-midscale extended-stay segment typically delivers more stable performance during economic fluctuations compared to traditional hotels. By focusing on this resilient category with a standardized 122-suite model, Caliber can potentially achieve economies of scale across development and operational functions.
Partnership with Hyatt accelerates Caliber's hospitality expansion while giving Hyatt access to new markets through their growing extended-stay concept.
This partnership brings strategic advantages to both companies. For Caliber, aligning with Hyatt provides access to global distribution systems, brand recognition, and loyalty program benefits that independent properties cannot match. For Hyatt, this agreement accelerates their brand expansion strategy, helping enter over 20 new markets with their newest offering.
The Hyatt Studios concept represents a deliberate response to evolving traveler preferences. Launched in 2023, the brand features apartment-style accommodations with in-room kitchens designed for extended stays. The business model emphasizes efficient build costs and a lean operating model, suggesting reduced staffing requirements compared to full-service properties – potentially delivering stronger profit margins.
With Hyatt reporting more than 50 executed deals for this brand already, the concept appears to be gaining traction among developers. The specified amenities – including high-speed fiber internet, EV charging stations, and pet-friendly accommodations – align with contemporary traveler expectations, particularly for the growing segment of remote workers taking extended trips.
The timing aligns with what Caliber describes as a "fundamental change in the way people work and their desire to stay in a hotel that feels like home for a longer trip." By securing this agreement now, Caliber positions itself to benefit from both the current supply shortage and evolving travel patterns driving extended-stay demand.
The agreement spans five states and marks one of the largest multi-property commitments to Hyatt Studios since the brand was announced in 2023
SCOTTSDALE, Ariz., May 06, 2025 (GLOBE NEWSWIRE) -- Caliber (NASDAQ: CWD), a real estate investor, developer, and manager, today announced that it has entered into a Development Rights Agreement with an affiliate of Hyatt Hotels Corporation (NYSE: H) to develop 15 new Hyatt Studios hotels in the United States. Under the terms of the agreement, Caliber Hospitality Development (“CHD”) will receive exclusive development rights for future development of Hyatt Studios hotels in target market areas within Arizona, Colorado, Nevada, Texas and Louisiana. Construction on the first hotel, located in Georgetown, Texas, a city within the Austin metropolitan district, is expected to break ground in the fourth quarter of 2025. The second hotel within the agreement will be in Scottsdale, Arizona and is expected to break ground second quarter of 2026.
Announced in 2023, Hyatt Studios is Hyatt’s first upper-midscale extended-stay brand, concepted in direct collaboration with owners and informed by guest feedback, featuring an efficient build cost, lean operating model, and design flexibility—all supported by Hyatt’s powerful commercial engine. Each Hyatt Studios hotel will include approximately 122 apartment-style suites equipped with in room kitchens, free high-speed fiber internet, EV charging stations, complimentary grab-and-go breakfast, a 24/7 market, self-service laundry, fitness studio, and pet friendly accommodations.
“Our new Hyatt Studios brand has been steadily growing since we announced it in 2023, and today we have more than 50 executed deals that will extend the Hyatt brand into more than 20 new markets,” said Jim Chu, Chief Growth Officer, Hyatt. “We are excited to be working with Caliber on the development of at least 15 new properties, many of which are expected to be located in new markets for Hyatt. This significant development agreement will advance Hyatt’s ongoing evolution, as we aim to make our brands even more profitable for owners and more desirable for travelers.”
“We are very excited about our new relationship with Hyatt, a world-class brand that shares our steadfast commitment to superior service for our guests,” said Chris Loeffler, CEO of Caliber. “As a hospitality investor and developer since 2013, Caliber has taken notice that hotel inventory across the United States is lower today than it was in January of 2020. This, combined with historically low new construction starts, and a recent return of demand for hotel rooms, makes the case to develop Hyatt Studios hotels in attractive, underserved markets. The Hyatt Studios brand offers Caliber the opportunity to capture a fundamental change in the way people work and their desire to stay in a hotel that feels like home for a longer trip,” continued Mr. Loeffler.
Caliber expects to develop 15 hotels over the course of the next three to five years, as the market bears opportunities, and will seek to expand the agreement if market conditions allow. Caliber expects these developments to deliver
The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.
About Caliber (CaliberCos Inc.)
With more than
About Caliber Hospitality Trust
Caliber Hospitality Trust (“CHT”), an externally advised private hospitality corporation, is a subsidiary of CaliberCos Inc. (NASDAQ: CWD). Led by an experienced team of agile entrepreneurs and specialists, CHT offers a unique opportunity in an UPREIT strategy for hotel owners and managers to access scale on a tax-deferred basis. CHT is targeting middle-market, full service, select service, extended stay, and lifestyle hotels in attractive geographic locations. CHT’s asset management technology enables management of mixed asset classes, top-tier brands, and third-party managers, who all interact via an integrated platform. More information at CaliberHospitality.com
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company guided by its purpose – to care for people so they can be their best. As of March 31, 2025, the Company's portfolio included more than 1,450 hotels and all-
inclusive properties in 79 countries across six continents. The Company's offering includes brands in the Luxury Portfolio, including Park Hyatt®, Alila®, Miraval®, Impression by Secrets, and The Unbound Collection by Hyatt®; the Lifestyle Portfolio, including Andaz®, Thompson Hotels®, The Standard®, Dream® Hotels, The StandardX, Breathless Resorts & Spas®, JdV by Hyatt®, Bunkhouse® Hotels, and Me and All Hotels; the Inclusive Collection, including Zoëtry® Wellness & Spa Resorts, Hyatt Ziva®, Hyatt Zilara®, Secrets® Resorts & Spas, Dreams® Resorts & Spas, Hyatt Vivid Hotels & Resorts, Sunscape® Resorts & Spas, Alua Hotels & Resorts®, and Bahia Principe Hotels & Resorts; the Classics Portfolio, including Grand Hyatt®, Hyatt Regency®, Destination by Hyatt®, Hyatt Centric®, Hyatt Vacation Club®, and Hyatt®; and the Essentials Portfolio, including Caption by Hyatt®, Hyatt Place®, Hyatt House®, Hyatt Studios, Hyatt Select, and UrCove. Subsidiaries of the Company operate the World of Hyatt® loyalty program, ALG Vacations®, Mr & Mrs Smith, Unlimited Vacation Club®, Amstar® DMC destination management services, and Trisept Solutions® technology services. For more information, please visit www.hyatt.com.
Forward-Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” "will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the final prospectus related to the Company’s public offering filed with the SEC and other reports filed with the SEC thereafter. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.
CONTACTS:
Caliber:
Ilya Grozovsky
+1 480-214-1915
Ilya@caliberco.com
FAQ
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