WICHITA, Kansas—WaterWalk publicizes the profitable sale of its WaterWalk Phoenix North Completely happy Valley location to Ignite Motels LLC. This transaction marks a big 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 big milestone available in the market. This 126-unit resort has constantly delivered spectacular outcomes, providing a novel mixture of furnished and unfurnished items that elevate the extended-stay journey expertise with an upscale contact.
Positioned within the vibrant and quickly increasing Phoenix North Completely happy Valley space, this property is ideally positioned to satisfy the wants of upscale extended-stay vacationers. With its prime location close to main enterprise hubs, purchasing, eating, and out of doors sights, the realm’s attraction 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 staff in search of the consolation and suppleness 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 Motels. This collaboration brings collectively the experience of WaterWalk Hospitality and the dedication of Ignite Motels to the model, making certain a seamless expertise for visitors and stakeholders.
Mimi Oliver, CEO of WaterWalk Hospitality, expressed her enthusiasm for this landmark achievement:
“The profitable sale of WaterWalk Phoenix North Completely happy Valley is a proud second for our crew and a testomony to the energy of the WaterWalk Prolonged Keep by Wyndham model. This milestone not solely showcases our means to develop distinctive upscale extended-stay properties but in addition demonstrates our success as a trusted administration firm. We’re thrilled to accomplice with Ignite Motels and stay up for constructing a robust relationship that underscores our dedication to delivering excellence in hospitality.”
Gurbir Sandhu, president of Ignite Motels, shared his pleasure concerning the partnership:
“We’re excited to accomplice with WaterWalk Hospitality as our administration firm and the Wyndham crew. 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 revolutionary, high-quality extended-stay experiences that join with visitors, house owners, 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.
