{"id":1004796135,"date":"2026-04-23T01:25:56","date_gmt":"2026-04-23T09:25:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004796135"},"modified":"2026-04-27T07:41:22","modified_gmt":"2026-04-27T15:41:22","slug":"caliber-to-build-colorado-extended-stay-hotel","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/caliber-to-build-colorado-extended-stay-hotel\/","title":{"rendered":"Caliber to Build Hyatt Extended-Stay Hotel"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Hyatt-Studios.png\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" data-attachment-id=\"1004796139\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/caliber-to-build-colorado-extended-stay-hotel\/hyatt-studios\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Hyatt-Studios.png\" data-orig-size=\"640,480\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Hyatt Studios\" data-image-description=\"&lt;p&gt;rendering provided by Gail Kalinoski via email&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Each Hyatt Studios hotel includes approximately 122 apartment-style suites. Image courtesy of Hyatt Hotels&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Hyatt-Studios.png?w=640\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Hyatt-Studios.png\" alt=\"exterior rendering of a Hyatt Studios building\" class=\"wp-image-1004796139\" style=\"width:390px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Hyatt-Studios.png 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Hyatt-Studios.png?resize=300,225 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><figcaption class=\"wp-element-caption\">Each Hyatt Studios hotel includes approximately 122 apartment-style suites. <em>Image courtesy of Hyatt Hotels<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Caliber is moving ahead with the development of a Hyatt Studios extended-stay hotel in Steamboat Springs, Colo. The firm closed on acquisition and construction financing this month and received unanimous zoning approval.<\/p>\n\n\n\n<p>Caliber intends to break ground on the project in the second quarter of this year. Completion is estimated in the second quarter of 2027, while the targeted opening is in the second half of 2027. Hyatt is providing $1.14 million in capital for the development.<\/p>\n\n\n\n<p>The 114-key hotel will rise on a 2.7-acre site at 1801 Lincoln Ave.&nbsp;and comprise studio apartment-style suites with kitchens. Amenities will include an outdoor patio, caf\u00e9 area, lounge area and fitness center.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-first-of-three-hyatt-studios-projects\">The first of three Hyatt Studios projects<\/h2>\n\n\n\n<p>The future Steamboat Springs hotel is the first of three Hyatt Studios projects Caliber is developing. <\/p>\n\n\n\n<p>The second one will take shape in Scottsdale, Ariz., at The Riverwalk, a 100-acre mixed-use district with retail, restaurants, hotels and event venues including Topgolf. Caliber controls the site through a long-term lease, which provides significant development and operational control. The firm <a href=\"https:\/\/www.commercialsearch.com\/news\/caliber-to-build-phoenix-mixed-use-project\/\">purchased the ground lease<\/a> from The Alter Group in November 2022. Local reviews are underway and Caliber expects to receive necessary approvals by the third quarter.<\/p>\n\n\n\n<p>The third Hyatt Studios project will rise in Georgetown, Texas, within the Austin, Texas, corridor, a fast-growing area that is seeing a multibillion-dollar redevelopment of Austin Convention Center. The convention project is expected to increase hotel demand. Caliber closed on the land purchase in October and is evaluating the optimal development strategy for the market.<\/p>\n\n\n\n<p>Each development is expected to take about 15 to 17 months to complete, with the goal of having all three projects active at varying stages over the next two years.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-building-a-multi-market-hospitality-platform\">Building a multi-market hospitality platform<\/h2>\n\n\n\n<p>Caliber\u2019s development plans for its first three Hyatt Studios properties come nearly a year after the firm secured a development rights agreement with an affiliate of Hyatt Hotels Corp. to develop 15 new Hyatt Studios hotels in the U.S. The agreement gives Caliber exclusive development rights for the branded hotels in target market areas within Arizona, Colorado, Nevada, Texas and Louisiana, many of them new markets for Hyatt.<\/p>\n\n\n\n<p>Hyatt introduced the upper-midscale, extended-stay concept in 2023. The first Hyatt Studios opened in April 2025 in Mobile, Ala. The brand has more than 50 hotels in the pipeline with several locations under construction.<\/p>\n\n\n\n<p>Each hotel will have approximately 122 studio suites. Features at the pet-friendly properties are to include free grab and go breakfast, 24\/7 market, self-service laundry, a fitness studio, free high-speed internet and EV charging stations. <\/p>\n\n\n\n<p>\u201cWith Hyatt Studios making its debut to the nation, we chose specific markets with strong in-place demand. This demand will drive the use of a hotel seen as \u2018new\u2019 in our guests\u2019 eyes and we think once they experience a Caliber-built Hyatt Studios hotel, they become repeat customers,\u201d Caliber CEO Chris Loeffler told <em>Commercial Property Executive.<\/em><\/p>\n\n\n\n<p>The first three locations were chosen based on long-term structural demand drivers, he said.<\/p>\n\n\n\n<p>\u201cSteamboat Springs is a supply-constrained destination market with year-round visitation. Scottsdale is a high-barrier leisure market with strong pricing dynamics, and Georgetown gives us exposure to one of the fastest-growing corridors in Texas,\u201d Loeffler said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It will be the first in a 15-property development deal.<\/p>\n","protected":false},"author":1068,"featured_media":1004796139,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21751,21742,15],"tags":[52836,32858],"class_list":["post-1004796135","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-hotel","category-latest","category-west","tag-caliber","tag-hyatt-hotels-corporation"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Caliber to Build Hyatt Extended-Stay Hotel - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Caliber is moving ahead with the development of a Hyatt Studios extended-stay hotel in Steamboat Springs, Colo.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/caliber-to-build-colorado-extended-stay-hotel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Caliber to Build Hyatt Extended-Stay Hotel\" \/>\n<meta property=\"og:description\" content=\"Caliber is moving ahead with the development of a Hyatt Studios extended-stay hotel in Steamboat Springs, Colo.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/caliber-to-build-colorado-extended-stay-hotel\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-23T09:25:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-27T15:41:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Hyatt-Studios.png\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/caliber-to-build-colorado-extended-stay-hotel\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/caliber-to-build-colorado-extended-stay-hotel\/\",\"name\":\"Caliber to Build Hyatt Extended-Stay Hotel - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/caliber-to-build-colorado-extended-stay-hotel\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/caliber-to-build-colorado-extended-stay-hotel\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Hyatt-Studios.png\",\"datePublished\":\"2026-04-23T09:25:56+00:00\",\"dateModified\":\"2026-04-27T15:41:22+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57\"},\"description\":\"Caliber is moving ahead with the development of a Hyatt Studios extended-stay hotel in Steamboat Springs, Colo.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/caliber-to-build-colorado-extended-stay-hotel\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/caliber-to-build-colorado-extended-stay-hotel\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/caliber-to-build-colorado-extended-stay-hotel\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Hyatt-Studios.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Hyatt-Studios.png\",\"width\":640,\"height\":480,\"caption\":\"Each Hyatt Studios hotel includes approximately 122 apartment-style suites. Image courtesy of Hyatt Hotels\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/caliber-to-build-colorado-extended-stay-hotel\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Caliber to Build Hyatt Extended-Stay Hotel\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57\",\"name\":\"Gail Kalinoski\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86\",\"caption\":\"Gail Kalinoski\"},\"description\":\"Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. 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Image courtesy of Hyatt Hotels"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/caliber-to-build-colorado-extended-stay-hotel\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Caliber to Build Hyatt Extended-Stay Hotel"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57","name":"Gail Kalinoski","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86","caption":"Gail Kalinoski"},"description":"Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. Gail has a bachelor\u2019s degree in journalism from Pace University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/gail-kalinoski\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Hyatt-Studios.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004796135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1068"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004796135"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004796135\/revisions"}],"predecessor-version":[{"id":1004796532,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004796135\/revisions\/1004796532"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004796139"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004796135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004796135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004796135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}