Caliber Secures Development Agreement with Hyatt for 15 US Hotels

Deal News | May 06, 2025 | CaliberCos Inc

Caliber Secures Development Agreement with Hyatt for 15 US Hotels

CaliberCos Inc. has entered into a development agreement with an affiliate of Hyatt Hotels Corporation to bring 15 new Hyatt Studios hotels to the United States. This marks one of the most significant multi-property commitments to Hyatt Studios since the brand's inception in 2023. The agreement assigns exclusive development rights to Caliber Hospitality Development in Arizona, Colorado, Nevada, Texas, and Louisiana. Construction of the first hotel in Georgetown, Texas, is scheduled for late 2025, followed by Scottsdale, Arizona, in mid-2026. Hyatt Studios, the brand's entry into the upper-midscale extended-stay segment, is designed with guest and owner insights to provide efficient, flexible accommodations. Caliber CEO Chris Loeffler cited the decline in hotel inventories and increasing demand as the impetus for this venture, predicting the creation of $400 million in assets under management over the next 3 to 5 years. Hyatt and Caliber aim to explore further opportunities depending on market conditions.

Sectors

  • Real Estate Development
  • Hospitality and Leisure

Geography

  • United States – The development agreement covers key markets within the United States, specifically in Arizona, Colorado, Nevada, Texas, and Louisiana.

Industry

  • Real Estate Development – CaliberCos Inc. is primarily involved in real estate investment, development, and management, which forms the core of the agreement to develop new hotels.
  • Hospitality and Leisure – The article pertains to the development and management of Hyatt Studios hotels, which are part of the hospitality industry.

Financials

  • 400 million – Caliber expects to add $400 million in assets under management through the development of these hotels over the next 3 to 5 years.
  • 122 – Each hotel in the Hyatt Studios brand will feature approximately 122 apartment-style suites.

Participants

NameRoleTypeDescription
CaliberCos Inc.Developer/InvestorCompanyCaliberCos Inc. engages in real estate investment, development, and management, focusing on hospitality projects with the new Hyatt Studios hotels.
Hyatt Hotels CorporationPartner/BrandCompanyHyatt Hotels Corp is a global hospitality brand partnering with Caliber to expand its Hyatt Studios brand in the U.S.
Caliber Hospitality DevelopmentDeveloperCompanyA subsidiary of CaliberCos Inc., it will manage the development of the Hyatt Studios properties under the agreement.