Answer
I visited Waterloo Place yesterday [29 May 2004] and
took the photograph above. No 17 is still standing but it is no
longer a hotel. It is the building with the pink "TO LET" sign in
the centre of the block.
I don't know how long Johnston's Hotel remained at 17 Waterloo Place.
Existing occupants include the British Association of Social Workers and
the Legal Services Ombudsman.
No 17 Waterloo Place was not listed in Edinburgh & Leith Post Office
Directories in 1858, when it was Johnston's Hotel. The only
listing that I can find for it in the directories is for the years 1872 to
1916, when it was described as Regent Rooms.
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