CaliberCos Inc. announced progress on its Hyatt Studios development platform, including construction financing and expected groundbreaking for the Steamboat Springs project.
Key takeaways
Steamboat Springs Hyatt Studios closed acquisition and construction financing in April 2026, with groundbreaking expected in Q2 2026.
Three Hyatt Studios projects are advancing across Steamboat Springs, CO; Scottsdale, AZ; and Georgetown, TX.
Steamboat Springs is targeted to open in Q3/Q4 2027; each project requires 15-17 months from groundbreaking.
Caliber plans to transition stabilized assets into Caliber Hospitality Trust (CHT) via a forward purchase structure.
Hyatt is supporting the Steamboat project with approximately $1.14 million in brand capital.
Caliber is offering accredited investors participation via a feeder fund or project-by-project basis.