There is a good line up of hotels near the Princess of Wales Theatre in downtown Toronto. Here are my picks in order of closest in walking distance.

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Editor's Top 10 Picks

Editor's Picks
Book from ~$195 CAD
Downtown Toronto hotel in a prime location with seasonal rooftop pool and sun deck
Pros
  • Many guests praised the hotel's proximity to downtown attractions and shopping
  • The hotel's staff were complimented on their accommodating and efficient service
  • Several lodgers were pleased with their clean and modern rooms
Cons
  • Wi-Fi is an extra $14.95 per day
  • Parking is an added $32 per day
  • Dated decor and small rooms were reported by a few travellers
The Hyatt is very close, only a 3-minute walk to the theatre.
Editor's Picks
Book from ~$291 CAD
High-style, luxury boutique hotel in downtown Toronto with upscale amenities & fine dining
Pros
  • Free amenities: Wi-Fi, wired Internet, breakfast, all day coffee and drinking water, newspapers, pet supplies
  • Room were spacious and well appointed with comfortable beds
  • Location convenient to restaurants, theatres and attractions
  • Staff were attentive and helpful, according to guests
  • Many guests enjoyed the free breakfast and late breakfast hours
  • Wi-Fi rated excellent by online guest surveys
Cons
  • Valet parking is $45 per 24 hours
  • Occasionally guests complained of poor views from their rooms
  • Some guests found the neighbourhood street and bar noise a disturbance
  • Some guests did not like the see-through glass shower
Hotel Le Germain on Mercer is a 4-minute walk from the theatre.
Editor's Picks
Book from ~$288 CAD
Classy downtown Toronto luxury hotel with indoor pool, fine dining and high-end amenities 
Pros
  • Free amenities: Wi-Fi, bottled water, shoe shine, newspapers
  • The rooms were elegant and well furnished with high quality furniture and amenities
  • Wi-Fi was rated as excellent by online reviewers
  • Guests loved the views of Lake Ontario and the CN Tower from south-facing rooms
  • Excellent buffets, dining and drinks at the hotel said guests
  • Staff provided efficient and thoughtful service
  • Prime downtown location, an easy walk to entertainment venues, restaurants, shopping and business offices
Cons
  • Valet parking is $48 for overnight
This lovely lady is a 4-minute walk away also.
Editor's Picks
Book from ~$207 CAD
Pet-friendly downtown Toronto hotel with indoor pool and suites with full kitchens
Pros
  • Free amenities: Wi-Fi, wired internet and hot breakfast
  • All suites have fully equipped kitchens
  • Many guest reviewers loved the downtown location as it was close to many attractions
  • The rooms were large, comfortable and clean according to numerous guest reviews
  • Staff received high praise in several reviews and were said to be friendly, helpful and courteous
  • Complimentary breakfast had a good selection and great food, said many guests
  • Frequently praised as good value for the money by guest reviewers
Cons
  • Guests found the parking expensive ($35/day)
  • Some reviewers complained about an insufficient quantity of food at the free breakfast when the hotel is busy
  • Some rooms had poor views, according to some guests
  • Some reviewers complained about uncomfortable sofabeds
The Residence Inn is a 4-minute walk from the theatre.
Editor's Picks
Book from ~$216 CAD
Centrally located downtown Toronto hotel with well-equipped rooms, indoor pool & restaurant
Pros
  • Free Wi-Fi and free local calls
  • Many guests enjoyed clean and comfortable rooms
  • Guests appreciated in-room mini-fridges and microwaves
  • The staff received many compliments from guests for being pleasant and friendly
  • Many guests appreciated the location of this hotel, an easy walk to restaurants, shopping and downtown attractions
  • Hotel has a fitness room, an indoor pool, and a spa
  • This hotel is a newer property, built in 2009
  • A few guests enjoyed meals at the hotel
  • A few guests were pleased with the value they received at the hotel
Cons
  • Some guests complained of noise disturbances from the nightclub next door and noisy neighbours
  • A few guests complained about the selection and cost of the continental breakfast on site
  • A few guests were disturbed by the cost of valet parking on site $47/night
This hotel is a 5-minute walk from Princess of Wales Theatre.
Editor's Picks
Book from ~$263 CAD
Highly praised luxury boutique hotel in downtown Toronto with indoor pool and gourmet dining
Pros
  • Free amenities: local shuttle service, pet stays
  • Rooms were well appointed with comfy beds and gorgeous bathrooms
  • Wi-Fi rated excellent by guest reviewers
  • Staff were well liked, accommodating and professional
  • Guests enjoyed dining on site
  • Location was in walking distance of main attractions, restaurants, a park and public transit
Cons
  • Mandatory daily $9.90 + tax facility fee charged to non iPreferred members includes Wi-Fi, local calls, gym and pool use
  • Self-parking is $35 and valet parking is $40 per night
  • A few guests complained of noise disturbance originating from outside and also inside the hotel
  • Some rooms felt a little small and lacked views according to guests
The Soho is a 6-minute walk away.
Editor's Picks
Book from ~$217 CAD
Classy downtown Toronto hotel attached to Convention Centre with indoor pool & fine dining
Pros
  • Free Wi-Fi to IHG rewards members
  • Many enjoyed clean, quiet rooms with comfortable beds
  • Some guests had spectacular views of the lake and city
  • Location was ideal to the convention centre, and handy to attractions, restaurants and public transit
  • Guests spoke highly of the spa area, staff and treatments
  • Many enjoyed the pool and hot tub
Cons
  • Valet parking is $45 per day
  • Wi-Fi (for non club members) is $13.95 or $17 per 24 hours
  • Guests often found breakfast, room service and other meals pricey
  • Some guests thought that the hotel was expensive
Guests can reach the theatre in 7 minutes on foot from this hotel.
Editor's Picks
Book from ~$142 CAD
Downtown Toronto hotel in Rogers Centre with field-view rooms, dining and indoor pool
Pros
  • Free amenities: Wi-Fi in the lobby
  • Many guests enjoyed the prime location of the hotel, near to major attractions and restaurants
  • Many lodgers were pleased with the level of customer service they received
  • The hotel's rooms were found to be clean and comfortable by several reviewers
  • Several guests enjoyed views of the stadium from their rooms or public spaces
  • Some guests enjoyed good meals at the hotel
Cons
  • Wi-Fi is $13 per day
  • Self parking is $30 and valet parking is $45 per day
  • A few guests complained about the added Wi-Fi and parking fees
  • Worn decor and uncomfortable beds were reported by a few lodgers
The Renaissance is a 9-minute walk away.
Editor's Picks
Book from ~$544 CAD
Historic luxury landmark hotel in downtown Toronto with indoor pool, day spa and fine dining
Pros
  • Numerous guests praised the hotel's downtown locale and proximity to Union Station
  • The hotel's staff were complimented on their attentive and friendly service
  • Several lodgers enjoyed their clean and comfortable rooms
  • Some guests enjoyed delicious meals and breakfast buffets on site
  • Many guests enjoyed the elegant interiors and public spaces of the hotel
Cons
  • Wi-Fi is 15.76 per 24 hours for non Club members
  • Parking is $53 per night
  • Dated decor and small-sized rooms were reported by a few lodgers
The Fairmont is a 10-minute walk away.
Editor's Picks
Book from ~$242 CAD
New and highly praised luxury hotel in downtown Toronto near CN Tower with indoor pool
Pros
  • Free amenities: Wi-Fi, wired Internet, local calls, newspapers
  • Many found the beds very comfortable and the rooms very clean with upscale bathrooms
  • Rooms on higher floors that faced the water had splendid views and were quieter
  • Location was well liked, close to Union Station and city's entertainment venues
  • Staff were typically very accommodating
  • Wi-Fi was rated excellent by guests online
Cons
  • Self-parking costs $35 per 24 hours and valet parking costs $42 with unlimited in/out privileges
  • Some guests found the parking limited, especially during Jays and Raptors games
  • Some were disturbed by the trains from Union Station even on the higher floors
  • Some guests missed having a mini-fridge or mini-bar in their rooms
  • Guests were often underwhelmed by the dining on site and found it expensive
Guests can reach the theatre in 11 minutes on foot from this hotel and a cab make take about 7 minutes.

3 Other Hotels Close to Princess of Wales Theatre

Editor's Picks
Book from ~$315 CAD
Luxury downtown Toronto hotel highly praised for its amenities, fine dining and service
Pros
  • Free Wi-Fi
  • Numerous guests were pleased with the hotel's downtown locale
  • The hotel's rooms were deemed luxurious and spacious by many reviewers
  • Several guests complimented the staff's friendly and attentive service
Cons
  • A few guests were disappointed with the price and portion size at the hotel's restaurant
  • Parking is valet only for $48 per night
Getting Around
This hotel is a 7-minute walk from the theatre. During the walk, you will pass the Royal Alexandra Theatre and Roy Thompson Hall.
Editor's Picks
Book from ~$100 CAD
Good value downtown Toronto hotel near subway with jazz bar and restaurant
Pros
  • Free Wi-Fi, free toast/coffee
  • Many reviewers praised the friendly and attentive staff
  • Several guests enjoyed their clean and functional rooms
  • The hotel's downtown location was praised for its proximity to restaurants, shopping and public transit
  • Several guests praised the rates as affordable and felt the hotel offered good value
Cons
  • No on-site parking, no elevator
  • Noise disturbances were reported by some guests
  • A few guests found their rooms to be small, with no telephones
Getting Around
This hotel is 8 minutes from the theatre on foot. 
Editor's Picks
Book from ~$236 CAD
Well-liked downtown Toronto hotel with comfortable rooms, dining, indoor and outdoor pools
Pros
  • The hotel's staff were complimented for their professional and attentive service
  • Several travellers enjoyed their clean and spacious rooms
  • Many guests praised the hotel's central location close to all downtown amenities
  • Several guests enjoyed meals prepared by the hotel
Cons
  • Wi-Fi is $15 per 24 hours
  • Valet parking is $40 per night, but self parking is available at a nearby public lot
  • Noise transfer was mentioned by a few lodgers
Getting Around
This hotel is an 8-minute walk from the theatre or a 2-minute drive or taxi ride. On the walk, you will pass Roy Thompson Hall and the Royal Alexandra Theatre.

Tips For Staying Near Princess of Wales Theatre

Location
The Princess of Wales Theatre is located in downtown Toronto at the intersection of King Street and John Street. 

As it is located downtown, the area surrounding the theatre consists of many different types of establishments, including restaurants, bars and shops, office buildings, condo buildings and other venues, such as the Royal Alexandra Theatre and TIFF Bell Lightbox.
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Parking
There are four levels of underground parking located underneath the theatre and the entrance ramp is located on John Street. 

The rates for this lot vary depending on which shows or events are happening at the theatre. Quotes can be given by calling the Princess of Wales Theatre and the rates range from $10 to $20.
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Getting Around: Walking
All of the hotels listed below are within a 10-minute walk of the Princess of Wales Theatre. The area around the theatre is highly walkable and there will be many shops, restaurants and other conveniences within a 10-minute walk of your hotel.
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Getting Around: Public Transit
Because the hotels listed below are within walking distance from the theatre, you likely will not need to use public transit to access them. 

For those looking to use public transit to explore the city, there are two street car routes (504 King and 508 Lakeshore) that run along King Street and the nearest stop is located in front of the theatre, towards John Street. The theatre is also a 4-minute walk from the St. Andrew Subway Station.

A one-way adult public transit fare on TTC is $3. Full schedules and fare information can be found on the TTC website.
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Dining
There is no restaurant inside the theatre, however, there are many dine-in and take-out restaurant options offering many different types of cuisines within a 5-minute walk, including Oliver & Bonacini, Shoeless Joe's, Tim Hortons and Subway.

There are concessions throughout the theatre that serve alcoholic and non-alcoholic beverages and snacks.
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Entertainment
The Princess of Wales Theatre hosts many theatrical productions including well-known shows such as Les Miserables, Chicago and The Lion King. A list of upcoming shows can be found on the Mirvish website.

The theatre also hosts screenings for the Toronto International Film Festival (TIFF) every year in September. 
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