Globenewswireยท2025-05-06 11:30Core Insights - Caliber has entered into a Development Rights Agreement with Hyatt Hotels Corporation to develop 15 new Hyatt Studios hotels across five states in the U.S. [1][3] - The first hotel is set to break ground in Georgetown, Texas, in Q4 2025, followed by a second hotel in Scottsdale, Arizona, in Q2 2026 [1][4] - Hyatt Studios is Hyatt's first upper-midscale extended-stay brand, designed with input from owners and guests, featuring efficient build costs and a lean operating model [2][3] Company Overview - Caliber manages over $2.9 billion in assets and focuses on real estate investment and development, aiming to generate profits in all market conditions [6] - The company has a competitive advantage through its in-house shared services group, which enhances control over real estate and investment opportunities [6] - Caliber Hospitality Trust, a subsidiary of Caliber, targets middle-market and extended-stay hotels in attractive locations [7] Market Context - The hotel inventory in the U.S. is currently lower than in January 2020, with historically low new construction starts, creating a favorable environment for developing Hyatt Studios hotels [3] - The agreement with Hyatt is expected to deliver $400 million in additional assets under management over the next three to five years, contributing to significant growth in revenue [4]