CaliberCos Inc. has broken ground on its Hyatt Studios extended-stay hotel development in Steamboat Springs, Colorado, marking the first construction start for its Hyatt Studios hospitality platform. The 114-room, 57,971-square-foot property is expected to open in the second half of 2027 and is part of a multi-market platform involving three upcoming projects in Colorado, Arizona, and Texas. CaliberCos Inc. is a real estate-focused alternative asset manager specializing in hospitality and multifamily real estate.