New hotel for Waterloo
July 20, 2009
Liz Monteiro
RECORD STAFF
WATERLOO
A boutique hotel is coming to Waterloo.
Domain Hotel, an eight-storey, 160-suite hotel, will be located in the BarrelYards project at Erb Street and Father David Bauer Drive.
Domain Hotel will be owned and operated by Decade Group Inc., a real estate development company which owns the Station Park All Suite Hotel in London, Ont.
Construction of the $25-million high-end hotel is expected to begin next year. The hotel is expected to open in the spring of 2011, councillors were told at a recent meeting.
Last September, Waterloo politicians unanimously approved the $250-million downtown development with two condo towers, apartments and the hotel.
The project includes 1,000 residential units on the former Canbar lands.
"This will be a landmark destination," Bob Siskind of Decade Group told councillors.
Siskind said travellers to Waterloo, including business people, will have a facility that will accommodate short stays as well as long-term stays.
Chris Pidgeon, an urban planner for Decade Group, said market research showed that Waterloo is a strong market for a luxury hotel. The hotel will accommodate business travel with groups coming to the local universities, RIM, Sun Life, the Perimeter Institute and the Balsillie School of International Affairs.
The 130,000-square-foot hotel property will feature a conference room that can accommodate up to 300 people for conferences or wedding receptions. It will also include a pool, a restaurant and patio, spa and fitness centre and underground and surface parking.
The first phase of the BarrelYards project will include the construction of two apartment towers, each 21 storeys high, and 10 brownstone townhouses. The second phase will include the hotel.
Pidgeon said he hopes building permits will be approved by the city by the end of this year.
lmonteiro@therecord.com
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So if the second phase includes the hotel and construction is to begin next year, why aren't shovels in the ground for the two 21 storey condos now?
Do like having more competition in the region though. Another hotel choice, including facilities to host receptions... great news. I'll let others go on about the design of the building... I am sure that will be heard!!