$100M Deal for Five Brand New WaterWalk Hotel Apartments
- Aug 31, 2015
A new partnership between UK-based private equity real estate firm Henley and WaterWalk Hotel Apartments will concretize in construction of five brand new WaterWalk franchises.
A new partnership between UK-based private equity real estate firm Henley and WaterWalk Hotel Apartments will concretize in construction of five brand new WaterWalk franchises across Florida, North Carolina, and New York. The $100 million deal marks Henley’s first transatlantic agreement and the first investment in the WaterWalk franchise by a non-U.S. based investor. Henley selected sites for the soon-to-be hotel apartments in Albany, Charlotte, Fort Lauderdale, and North Orlando. Construction is planned to start in January 2016. “The deal with WaterWalk represents another major milestone for Henley as we further our international presence and enter the U.S. market,” mentioned Ian Rickwood, CEO at Henley. ”Our investment strategy is founded upon ensuring the best possible returns for our investors and our analysis of current demand trends in the leisure and residential markets in the States made WaterWalk a highly attractive investment opportunity. We are looking forward to breaking ground on these new properties and the complexes opening next year. Our intention is that we will add more units to these first five and engage in additional investment and development activity in the U.S.” With a combination between the most appealing features of an upscale extended-stay hotel and the lifestyle of apartment living, WaterWalk’s versatility as a hybrid property type gives investors and franchisees an unmatched opportunity in the real estate industry by providing the strong revenue potential. WaterWalk Hotel Apartments amenities include one-, two- and three-bedroom apartments with flexible booking starting at a week, outdoor living spaces, on-site storage units, full-service housekeeping, Wi-Fi, and many more. Prices range between $89 for a one-bedroom apartment and reach $149 for a three-bedroom apartment. Image courtesy of Henley Investments