property 39 The Crowne Plaza Hotel purchased


The Crowne Plaza Hotel, Reading, is one of four four-star hotels, owned by Pederson, that has been bought after the company went into administration.


The 122-bedroom Crowne Plaza, plus the Regency Park Hotel, Thatcham, and the Winchester Hotel, Winchester, have also been acquired – along with a hotel in Sheffield.


The Crowne Plaza has been bought by Redefine Hotels Reading (RHR) for £12.75 million. RHR is reported to be a subsidiary of Redefine International Hotels, which acquired five Holiday Inn hotels in London for £106m last summer.


The Winchester Hotel has been bought by Quantum Hotels, a wholly-owned subsidiary of private family company Carnarvon Hotels, while a wealthy overseas investor with


The Crowne Plaza Hotel, Reading


an existing hotel portfolio in the UK is said to have acquired the Regency Park Hotel.


Pedersen was placed in administration by Grant Thornton in June 2010, while the sale of the Crowne Plaza Reading was handled separately.


Meanwhile, Arora Hotels plans


to develop and operate a four- star, 200-bedroom property opposite Ascot racecourse.


Planning consent is being sought for the hotel, which will be sited on the High Street with direct, underground access to the racecourse.


To be known as the Royal Ascot


hotel, it will have a restaurant and spa, and is the second property that Arora Hotels, owned by chief executive Surinder Arora, is developing close to a sporting venue. Plans are also in the pipeline for the building of the four-star, 170 bedroom Arora hotel at the Kia Oval.


Property Experts Worton Grange, South Reading


Short term warehouse space available on flexible terms. To Let. Joint Agent: CBRE


10,000 – 128,000 sq ft Ivanhoe Road, Finchampstead


Prominent detached office building with approx 1,000 sq ft storage space. For Sale. Joint Agent: Martin & Pole


4,260 sq ft


Suttons Business Park, A329(M) Modern Industrial / Warehouse and office space. To Let.


Joint Agent: Lambert Smith Hampton 3,315 sq ft – 46,147 sq ft


Corporate Property Commercial Agency Valuations Land & Development Planning Consultancy Landlord & Tenant Building Surveying Project Management Arbitration


Stadium Trade & Business Park, West Reading


Prominent Trade / Warehouse units. To Let. Joint Agents: King Sturge


9,118 – 14,772 sq ft Brewery Court, Theale


Attractive refurbished self contained offices. To Let.


1,196 – 2,017 sq ft


Loddon Vale Centre, Woodley Office space with good parking & air conditioning. To Let.


2,011 sq ft 0118 921 1515 County House 17 Friar Street Reading RG1 1DB F: 0118 921 1501 info@haslams.co.uk


THE BUSINESS MAGAZINE – THAMES VALLEY – JUNE 2011 HCS_3075_Business Mag135x188.indd 1


www.businessmag.co.uk 16/05/2011 16:50 Chartered Surveyors


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