80-Key Three-Star Best Western Hotel, Reading, UK For Sale

Location: Reading Outskirts, Calcot, Berkshire, England, UK

Name: Best Western Calcot Hotel

Guide Price: £6.3m

No. of Keys: 80…Scope to add 25 more rooms

The Opportunity: For only the second time in 46 years, this hotel is now for sale with interest expected from those looking to reopen the hotel business OR redevelop the property for alternative use.

The Best Western Calcot Hotel is located on the arterial A4, less than 1 mile from Junction 12 of the M4 and around 3.5 miles west of Reading town centre.

The property features 80 en-suite bedrooms with positive pre-app to develop an additional 25 rooms. The site extends to approximately 1.78 acres, and facilities include:
• Function rooms (largest with capacity for 220)
• Restaurant (capacity for 90)
• Bar (capacity for 40).
• Car park for around 165 vehicles

Privately owned and operated, the property has traded for many years under the Best Western brand. Pre COVID, the business was performing well (YE 2019 T/O: £2.1m) ; yet still with significant scope to increase revenues. The hotel has remained closed since March 2020 lockdown.

Main Picture: The exterior of the hotel

Current Owners: Private family, since 2016

Flag and Management: Free to new owner…in membership of Best Western currently

Financials: 2019 available

Tenure: Freehold…Sale could be asset, or company sale

Agent: Colliers…Buyer would need to retain THPT

Guide Price: £6.3m

Guide Price per Key: £78,750

Date Posted: January 2021

THPT Comment: Fab opportunity to secure this busy trading hotel in Reading, both a dormitory town for London, as well as a corporate and leisure location in it’s own right. The hotel is within one mile of IKEA Reading, the Porsche Centre and the Calcot Retail Park.

Contact us for further information

This is a new feature on the THPT site…. Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”

Each fortnight we mail the opportunities posted that week, but check-out the tab “Hotels Available” and call us for details of “Under the Table” – deals not posted on the site at all

The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market.

For more information – Visit www.thpt.co.uk or email info@thpt.co.uk.

MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.