WaterWalk Extended Stay provides flexible lodging options with both furnished and unfurnished units for long-term and temporary stays. The franchise offers upscale extended-stay hotel accommodations with hotel-like services for guests.
Key Insights
- WaterWalk was established with a vision to provide extended-stay accommodations that blend the comforts of home with hotel amenities. The business model centers on spacious apartment-style suites, equipped with full kitchens, living areas, and separate bedrooms, catering to travelers needing more than a traditional hotel room.
- The franchise operates on a flexible model that adapts to diverse markets, offering guests a choice of studio, one, or two-bedroom suites. This approach allows for efficient property management and a consistent guest experience across all locations, emphasizing convenience and value.
- The extended-stay lodging sector is a dynamic segment within the hospitality industry, characterized by demand from both corporate and leisure travelers seeking longer durations of stay. This market segment has shown resilience and growth, driven by evolving travel patterns.
Franchise Fee and Costs to Open
Exploring the financial picture of WaterWalk gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $19,860,979 - $27,008,153, along with a franchise fee of $75,000 - $75,000.
Financial Performance and Revenue
Training and Resources
WaterWalk provides comprehensive training to new franchisees. This initial program is approximately two weeks in length and is conducted at their headquarters. WaterWalk offers ongoing operational support and access to a dedicated resource library. They also recommend utilizing their established marketing materials and brand guidelines.
Legal Considerations
Legal considerations for a WaterWalk franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Franchisees may navigate local lodging competition impacting occupancy rates. Managing diverse guest needs, from extended stays to transient travelers, presents operational complexity. Securing consistent, quality supplies for housekeeping and amenities relies on efficient, stable supply chains. Adapting to local market dynamics and maintaining service standards are ongoing considerations for success.
Franchise Datasheet
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