Business leaders argue the city has been 'losing out' by not having a major hotel. The new BarrelYards development plan proposes a 280-room solution to the problem

After years of false starts, Waterloo's downtown finally seems poised to host a high-end hotel that local businesses say is badly needed.

City hall last month approved the $250-million BarrelYards project on the former Canbar lands, proposed by London-based Auburn Developments.

Along with several upscale highrise apartment buildings and condos, retail and office space, the developer is proposing to include a 280-room, executive-style hotel complex.

Auburn president Jamie Crich is compiling a short list of potential hotel...

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