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Secures Deal to Develop 15 New Hyatt Studios Hotels Across Five States","url":"https://stock-news.laohu8.com/highlight/detail?id=2535207156","media":"Reuters","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2535207156?lang=en_us&edition=fundamental","pubTime":"2025-05-13 01:27","pubTimestamp":1747070825,"startTime":"0","endTime":"0","summary":"SCOTTSDALE, Ariz., May 06, 2025 - CaliberCos Inc.  has announced a significant Development Rights Agreement with an affiliate of Hyatt Hotels Corporation  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.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250512:nNDL7QyjyS:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["H","BK4588","BK4559","BK4186","BK4142","BK4585","LPX","CWD","BK4135"],"gpt_icon":0},{"id":"2533684350","title":"Press Release: Caliber Enters Exclusive Development Agreement with Hyatt to Bring 15 Hyatt Studios Hotels to Key U.S. Markets","url":"https://stock-news.laohu8.com/highlight/detail?id=2533684350","media":"Dow Jones","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2533684350?lang=en_us&edition=fundamental","pubTime":"2025-05-06 19:30","pubTimestamp":1746531000,"startTime":"0","endTime":"0","summary":"Caliber Enters Exclusive Development Agreement with Hyatt to Bring 15 Hyatt Studios Hotels to Key U.S. Markets. The agreement spans five states and marks one of the largest multi-property commitments to Hyatt Studios since the brand was announced in 2023. \"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. 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