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