Caliber breaks ground on first Hyatt Studios hotel in Steamboat Springs, CO

CaliberCos Inc.

114-room extended-stay hotel, 57,971 sq ft, expected to open H2 2027.
First of three Hyatt Studios projects to start construction; 15 total planned under Master Development Agreement.
Capital stack includes mezzanine financing from Hyatt; stabilized assets to transition into Caliber Hospitality Trust.
Steamboat Springs market cited for year-round tourism and limited extended-stay inventory.
Construction completion targeted Q2 2027, stabilization expected Q1 2029.

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