Scottsdale developer to build Hyatt hotels

By Brandon Brown | Phoenix Business Journal

CaliberCos Inc. (Nasdaq: CWD), the Scottsdale-based real estate investor, developer and manager, announced May 6 it has signed a deal with Hyatt Hotels Corp. to open 15 new hotels across five states.

The development rights agreement will let Caliber Hospitality Development exclusively develop Hyatt Studios hotels in target market areas within Arizona, Colorado, Nevada, Texas and Louisiana. The first Arizona hotel will be built in Scottsdale.

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