The WaterWalk Opportunity
Jack DeBoer’s vision for extended stay is evolving with WaterWalk a unique concept you fill find interesting as many franchisees are looking for another brand to balance the ups and downs of the market. We are a serviced apartment and an extended-stay hotel within one site, therefore, we are able to enter high profile markets that are over saturated by other brands. We are aggressively expanding and have 35 out of the top 50 markets exhibiting both an optimal corporate presence with existing livability. These are exceptional sites where a WaterWalk Hotel Apartment brand will be highly successful in which we plan to develop as company-owned properties unless franchisees select them to develop prior to us beginning site work.
WaterWalk is a hybrid hotel and apartment model, combining most appealing features of an upscale extended-stay hotel with the lifestyle of apartment living. With its all-inclusive pricing and options for one night to one year-plus stays, Water Walk provides investors with the opportunity to reap the rewards of both the hotel and apartment markets by qualifying for better loan-to-value financing and commanding premium cap rates in a tight apartment property market.
The current Prototype includes a gated site with two buildings totaling 121,632 sf on four acres of land, or 2.4 acres with a parking structure in urban centers, near travel and employment hubs zoned for commercial use. The 156 units are divided between furnished hotel apartments and unfurnished apartments which solidly provide two revenue streams within one location. Additionally, WaterWalk provides franchisees a turnkey investment program including sales support, operational and property management, CRM software, and national marketing revenue contribution.
If you are interested in having a discussion or want more information, please contact Bill Chaffee at (314) 882-8386 or via email at [email protected]