Oakwood has entered into a multi-year strategic partnership agreement with WaterWalk International to create a new brand, Oakwood WaterWalk. The purpose-built product provides a unique combined offering, including 1-, 2-, and 3-bedroom apartments, that fully satisfies the wide spectrum of needs across the extended stay, multifamily and corporate housing segments.
Through this strategic partnership, Oakwood, a global provider of furnished housing and serviced apartment solutions, will expand its footprint in the United States across eight high-demand markets, broadening its product offering. These markets in which properties are open or under construction include Denver, Dallas-Las Colinas, Dallas-Richardson, San Antonio, Wichita, Kansas City-Overland Park, Raleigh, and Charlotte.
Further, with WaterWalk’s development pipeline, approximately 13 additional sites will be available and opening soon in Austin, Minneapolis, Dallas-Plano, Salt Lake City, Boise, Phoenix, Jacksonville, Washington D.C. and Philadelphia. WaterWalk has signed enough franchise agreements to triple the portfolio.
Headquartered in Wichita, Kansas, WaterWalk was created by Jack DeBoer, the extended stay industry visionary who also founded Residence Inn (now Marriott), Summerfield Suites (now Hyatt House), Candlewood Suites (now IHG) and Value Place/WoodSpring (now Choice Hotels International). The WaterWalk development concept is unique in the travel industry. The properties combine the space and comfort of apartment living with the services of a hotel, allowing business and individual travelers to book short- and long-term stays and choose from furnished or unfurnished suites. Each property typically offers two separate, purpose-built buildings consisting of 153 units; approximately 78 units are multifamily unfurnished and 75 units will be furnished corporate and extended stay units.
Oakwood WaterWalk pricing includes all utilities, high-speed internet, DirecTV cable television, and phone service for nightly or monthly rates. All rooms come with fully-equipped modern kitchens and a full-size in-room washer and dryer. Guests can also enjoy upscale amenities including an onsite fitness center, breakfast delivered to each room, housekeeping, and 24/7 front desk service.
