The 80 bedroom Best Western Calcot Hotel in Reading has been brought to the market by Colliers International with a £6.3 million guide price.
Paul Barrasford, director in the Hotels Agency team at Colliers International, said: “This is only the second time in the past 46 years that this privately owned and operated hotel has been available for sale.
“We are expecting interest from buyers looking to reopen the hotel business – or to redevelop the property for alternative use.
“Before the pandemic the business was performing well, yet there is significant scope to increase revenues. It also has a supportive pre-application to develop an additional 25 bedrooms.
“In addition, this extensive property is likely to appeal to buyers looking to redevelop it for alternative use; such as (subject to planning) a care, residential or senior living scheme.
The hotel has traded under the Best Western brand for a number of years and was acquired in 2016 by the present owner, who has now decided to sell in order to concentrate on their other business interests.
In addition to 80 double and twin en-suite bedrooms, The Best Western Calcot Hotel has a restaurant with around 90 covers, and a bar with seating for 40. There are also two function rooms, one of which has capacity for up to 200 guests and a licence for civil ceremonies.
The hotel, which extends across ground and first floors and is set well back from the road, is located around 3.5 miles to the west of Reading town centre on the arterial A4, and less than one mile from Junction 12 of the M4 in Berkshire.