Brown Rudnick, Foulston Guide $100M Henley-WaterWalk Deal
By Andrew McIntyre (August 28, 2015, 2:03 PM EDT) -- Brown Rudnick LLP represented U.K. private equity real estate firm Henley Investments in its $100 million agreement, announced on Friday, with Foulston Siefkin LLP-counseled WaterWalk Hotel Apartments to build five WaterWalk franchise properties on the East Coast.
The companies said in a joint announcement on Friday that they plan to build properties in Charlotte, North Carolina; Fort Lauderdale and north Orlando, Florida; and Albany, New York.
WaterWalk properties combine hotel and apartment aspects, providing high-speed Internet, modern kitchens and housekeeping services as well as breakfast.
"WaterWalk's versatility as a hybrid property type gives investors and franchisees an unmatched opportunity in the...
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