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Oakwood, WaterWalk Form Hospitality Brand Partnership
Phoenix-based Oakwood formed a partnership with Wichita, KS-based WaterWalk International to create a new hospitality brand, Oakwood WaterWalk. The purpose-built product provides a unique combined offering, including one, two, and three-bedroom apartments, that fully satisfies the wide spectrum of needs across the extended stay, multifamily, and corporate housing segments.
The multi-year strategic partnership agreement blends the furnished housing and serviced apartment solutions model with an extended stay brand. 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.
The deal expands Oakwood’s U.S. footprint across eight high-demand markets, including Denver, Dallas-Las Colinas, Dallas-Richardson, San Antonio, Wichita, Kansas City-Overland Park, Raleigh, and Charlotte. WaterWalk’s development pipeline includes roughly 13 additional sites in Austin, Minneapolis, Dallas-Plano, Salt Lake City, Boise, Phoenix, Jacksonville, Washington D.C., and Philadelphia.
*Pictured WaterWalk Richardson in Richardson, Texas
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