Considering the world-class institutions that are rising out of Waterloo's core -- notably the Centre for International Governance Innovation and the Perimeter Institute of Theoretical Physics -- it only makes sense to have a world-class hotel within easy walking distance.
It's not that there aren't already some very good hotels in Waterloo, or in Kitchener for that matter, but there are some very obvious advantages in having a good supply of first-rate hotel rooms nearby -- and we expect this is what's motivated the development company behind the BarrelYards project to plan for a hotel and to begin seeking out a company to operate it.
The proposal, unveiled by London-based Auburn developments on Wednesday, calls for construction of a 280-room, executive style hotel complex fronting on Erb Street -- which would be surrounded by the ambitious BarrelYards condominium,apartments and business space project.
The idea of a downtown Waterloo hotel was floated several years ago, during the planning stages for the redevelopment of King Street. Presumably, the company's marketing studies are showing enough potential demand for Waterloo hotel rooms to get the project off the ground this time.