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.
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