WICHITA, Kansas—WaterWalk publicizes the profitable sale of its WaterWalk Phoenix North Joyful Valley location to Ignite Lodges LLC. This transaction marks a major milestone as WaterWalk Holding Firm’s first asset sale, highlighting the rising energy and success of the WaterWalk Prolonged Keep by Wyndham model.
In February 2023, the Phoenix property debuted as the primary Gen2 prototype, marking a major milestone out there. This 126-unit lodge has constantly delivered spectacular outcomes, providing a novel mixture of furnished and unfurnished models that elevate the extended-stay journey expertise with an upscale contact.
Situated within the vibrant and quickly increasing Phoenix North Joyful Valley space, this property is ideally positioned to fulfill the wants of upscale extended-stay vacationers. With its prime location close to main enterprise hubs, purchasing, eating, and out of doors points of interest, the world’s enchantment continues to develop, making it a strategic funding for extended-stay lodging. The extended-stay market has seen substantial progress nationwide, pushed by rising demand from enterprise vacationers, relocating households, and long-term challenge employees looking for the consolation and adaptability of home-like environments.
As a part of this thrilling improvement, Waterwalk Hospitality will proceed to handle the property underneath the WaterWalk Prolonged Keep by Wyndham model, forming a brand new partnership with Ignite Lodges. This collaboration brings collectively the experience of WaterWalk Hospitality and the dedication of Ignite Lodges to the model, making certain a seamless expertise for company and stakeholders.
Mimi Oliver, CEO of WaterWalk Hospitality, expressed her enthusiasm for this landmark achievement:
“The profitable sale of WaterWalk Phoenix North Joyful Valley is a proud second for our staff and a testomony to the energy of the WaterWalk Prolonged Keep by Wyndham model. This milestone not solely showcases our capability to develop distinctive upscale extended-stay properties but in addition demonstrates our success as a trusted administration firm. We’re thrilled to companion with Ignite Lodges and sit up for constructing a powerful relationship that underscores our dedication to delivering excellence in hospitality.”
Gurbir Sandhu, president of Ignite Lodges, shared his pleasure in regards to the partnership:
“We’re excited to companion with WaterWalk Hospitality as our administration firm and the Wyndham staff. This collaboration permits us to capitalize on the great potential of the extended-stay market whereas leveraging WaterWalk’s confirmed experience in operations and visitor satisfaction.”
WaterWalk Hospitality stays dedicated to its mission of making modern, high-quality extended-stay experiences that join with company, homeowners, and communities. This sale, brokered by HREC, represents an thrilling chapter within the firm’s progress story, paving the best way for future alternatives and partnerships.
