CaliberCos Inc. Secures Deal to Develop 15 New Hyatt Studios Hotels Across Five States

Reuters
13 May
<a href="https://laohu8.com/S/CWD">CaliberCos Inc.</a> Secures Deal to Develop 15 New Hyatt Studios Hotels Across Five States

SCOTTSDALE, Ariz., May 06, 2025 - CaliberCos Inc. (NASDAQ: CWD) has announced a significant Development Rights Agreement with an affiliate of Hyatt Hotels Corporation $(H)$ to build 15 new Hyatt Studios hotels across the United States. This agreement, spanning five states-Arizona, Colorado, Nevada, Texas, and Louisiana-marks one of the largest multi-property commitments to Hyatt Studios since the brand's inception in 2023. Caliber's hospitality development arm, CHD, will hold exclusive rights for these projects, which are expected to add $400 million in assets under management. Construction is set to begin with the first hotel in Georgetown, capitalizing on a resurgence in demand for hotel accommodations in underserved markets. The new hotels will feature amenities like complimentary grab-and-go breakfasts and pet-friendly accommodations, enhancing the appeal to long-term guests.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CaliberCos Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001627282-25-000054), on May 12, 2025, and is solely responsible for the information contained therein.

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