WICHITA, Kansas—WaterWalk publicizes the worthwhile sale of its WaterWalk Phoenix North Comfortable Valley location to Ignite Lodging LLC. This transaction marks an infinite milestone as WaterWalk Holding Company’s first asset sale, highlighting the rising vitality and success of the WaterWalk Prolonged Maintain by Wyndham model.

In February 2023, the Phoenix property debuted as the primary Gen2 prototype, marking an infinite milestone available on the market. This 126-unit resort has persistently delivered spectacular outcomes, providing a novel mixture of furnished and unfurnished fashions that elevate the extended-stay journey expertise with an upscale contact.

Situated all through the colourful and shortly rising Phoenix North Comfortable Valley home, this property is ideally positioned to satisfy the wants of upscale extended-stay vacationers. With its prime location close to main enterprise hubs, procuring, consuming, and outdoors elements of curiosity, the realm’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 mission workers within the hunt for the consolation and suppleness of home-like environments.

As a part of this thrilling enchancment, Waterwalk Hospitality will proceed to cope with the property beneath the WaterWalk Prolonged Maintain by Wyndham model, forming a mannequin new partnership with Ignite Lodging. This collaboration brings collectively the experience of WaterWalk Hospitality and the dedication of Ignite Lodging to the model, guaranteeing a seamless expertise for buddies and stakeholders.

Mimi Oliver, CEO of WaterWalk Hospitality, expressed her enthusiasm for this landmark achievement:

“The worthwhile sale of WaterWalk Phoenix North Comfortable Valley is a proud second for our workers and a testomony to the vitality of the WaterWalk Prolonged Maintain by Wyndham model. This milestone not solely showcases our potential to develop distinctive upscale extended-stay properties nonetheless furthermore demonstrates our success as a trusted administration company. We’re thrilled to companion with Ignite Lodging and stay up for establishing a sturdy relationship that underscores our dedication to delivering excellence in hospitality.”

Gurbir Sandhu, president of Ignite Lodging, shared his pleasure concerning the partnership:

“We’re excited to companion with WaterWalk Hospitality as our administration company and the Wyndham workers. This collaboration permits us to capitalize on the large potential of the extended-stay market whereas leveraging WaterWalk’s confirmed experience in operations and buyer satisfaction.”

WaterWalk Hospitality stays dedicated to its mission of developing progressive, high-quality extended-stay experiences that be part of with buddies, house owners, and communities. This sale, brokered by HREC, represents an thrilling chapter all through the company’s progress story, paving the way in which during which by which for future choices and partnerships.