The Water­loo Ho­tel is clos­ing its doors

Waterloo Region Record - - Local - LAURA BOOTH lbooth@there­cord.com, Twit­ter: @BoothRecord

WATER­LOO — The Water­loo Ho­tel in the city’s up­town is clos­ing.

In an email from man­age­ment on Fri­day, the ho­tel said it would close its doors on Satur­day.

“Like any other in­dus­try, hos­pi­tal­ity goes through in­evitable ups and downs and it is un­for­tu­nately no longer vi­able to main­tain op­er­a­tion of the ho­tel,” the email said.

“The man­age­ment would like to thank our val­ued guests, staff, and ven­dors for their pa­tron­age and part­ner­ship.”

The 15-room bou­tique ho­tel is lo­cated at the cor­ner of King and Erb streets. The his­toric build­ing it’s lo­cated in, dates back to 1890. The build­ing’s south Erb Street and west King Street façades are listed by the City of Water­loo as des­ig­nated un­der the On­tario Her­itage Act. A num­ber of other restau­rants and busi­nesses share the build­ing.

In 1997, af­ter sit­ting empty for seven years, the his­toric build­ing was pur­chased and re­stored by Bill and Mar­ion We­ber. They bought it from the Cana­dian Im­pe­rial Bank of Com­merce, sav­ing the build­ing from de­mo­li­tion.

In 2009, The We­bers sold the build­ing to lo­cal com­mer­cial de­vel­oper Nick­o­las Ge­orghi­ades. He and his brother Ge­orge Geoghi­ades run Lex­ing­ton Park Real Es­tate Cap­i­tal.

The broth­ers did not re­turn phone calls from The Record on Fri­day but two of the build­ing’s ten­ants con­firmed the broth­ers still owned the build­ing.

DAVID BEBEE WATER­LOO RE­GION RECORD FILE PHOTO

The Water­loo Ho­tel, lo­cated in the up­per floors of this her­itage build­ing at King and Erb streets, is clos­ing.

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