WaterWalk Hotel & Apartments Expands Management Team with Appointment of CFO & Two Executives

. January 27, 2015

WICHITA, KS - January 27, 2015 - WaterWalk Hotel & Apartments, Jack DeBoer's fifth national brand , has hired three top-tier professionals in its corporate headquarters. These three new positions represent WaterWalk's commitment to building the brand in anticipation of aggressive expansion in 2015.

Kay Auer joins WaterWalk as Chief Financial Officer. Most recently, Auer was the CFO of Quality Solutions, Inc., a facilities management firm. Prior to that position, Auer was the CFO at extended-stay hotel brand Value Place, where she was responsible for all matters related to accounting and corporate finance. She was instrumental in the company's leadership team and the company's development, which included financing, real estate closings, and construction contracts. During this time Auer was recognized by Wichita Business Journal with the prestigious 2010 CFO Award.

“We are extremely fortunate to have Kay join our team at this pivotal moment in WaterWalk's aggressive growth plan,” said David Redfern, President of WaterWalk. “Her long history of success and extremely valuable skills in strategic planning and operations are important assets as we ensure that we're meeting customer expectations and developer demand during this important time of growth.”

Julie Olson, Director of Franchise Development for WaterWalk, has over 20 years of sales, training, and marketing experience. In this position, Olson will be responsible for putting the procedures in place for franchise expansion, working closely with the franchisees to ensure their success, and growing the brand with franchise sales. Prior to WaterWalk, she worked for pharmaceutical company Teva Respiratory as an Executive Sales Accountant and was instrumental to the company's National and Regional Sales Training. Olson also worked as a National Sales Director for Jack DeBoer's third national hotel brand, Candlewood Suites.

Erica Weishaar joins WaterWalk as a Business Analyst, managing market research for national development of WaterWalk's unique, all-inclusive apartment properties. Weishaar joins WaterWalk from Koch Industries where she supported Koch Methanol as a trade support analyst. Prior to Koch, Weishaar managed the new property marketing analysis and site selection process for Value Place Development Services LLC while she attended Wichita State University.

“Each one of these hires brings a unique skill set and their own flavor to the WaterWalk team at a time of enormous growth for the company. I welcome them aboard as we continue to build the WaterWalk brand and prepare for rapid expansion in the upcoming months,” said Redfern.

In 2015, construction will begin on eight new WaterWalk Hotel & Apartments complexes in seven cities: Louisville, Charlotte, Houston, Atlanta, Denver, St. Louis, and two in San Antonio.

About WaterWalk Hotel & Apartments

Headquartered in Wichita, WaterWalk Hotel & Apartments is the nation's first serviced apartment brand, combining the most appealing features of an upscale extended-stay hotel with the lifestyle of apartment living. Guests may choose to stay a day, a week, a month, a year, or longer with an all-inclusive bill for utilities, TV, internet, phone, and concierge services. For the full-service Gold package, housekeeping, fully-furnished apartments, and breakfast are also provided. WaterWalk Apartments is the fifth national brand started by Jack DeBoer, founder of Residence Inn, Summerfield Suites, Candlewood Suites, and Value Place. For more information, visit www.waterwalk.com or call (316) 219-6060.

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