Caliber Building Hyatt-Branded Hotels in Scottsdale, Steamboat Springs

Caliber is building two Hyatt Studios, one in Steamboat Springs and the other Scottsdale, AZ. The first project in Steamboat Springs closed acquisition and construction financing in April 2026 and is expected to break ground during the second quarter of 2026.

Hyatt Studios, Hyatt’s upper-midscale extended-stay brand, is designed for longer stays, offering studio-apartment-style suites with kitchenettes, complimentary grab-and-go breakfast, a 24/7 market, on-site laundry, and a fitness center. The brand debuted in 2023.

The Steamboat Springs project is fully entitled and advancing toward construction, with zoning approved, a general contractor engaged, and construction financing closed in April 2026. Construction is expected to commence this month with an estimated completion in Q2 2027.

Caliber’s Riverwalk / Scottsdale, AZ Hyatt Studio development is controlled by Caliber via a long-term lease. Caliber expects town approvals for the DR and CUP by the third quarter of 2026.