Reading, the capital of the Thames Valley, is to be home to a new, full service, Hilton hotel - with an agreement having been signed with the owners, PRUPIM. Construction will commence in November 2006 and the hotel will open in 2008.
Howard Friedman, Hilton’s Area President for the UK and Ireland said, “Reading is an important business centre in South East England and we look forward to being part of this thriving business community.
“The signing of the agreement marks another significant step forward for Hilton’s development throughout the UK and Ireland, and we are delighted to be working with quality project partners such as PRUPIM.”
The hotel, which will feature 198 guest rooms, ‘Hilton Meetings’ rooms, ball room and a LivingWell health club with pool, will be part of Reading Southside, a sustainable, mixed-use scheme to be developed on 110 acres of land close to the Madejski Stadium in south-west Reading.
PRUPIM’s Stephen Tully said that the signing of the agreement represents an exciting milestone: “Hotel investment is new for PRUPIM but it is a sector we intend targeting further. Reading is short of the kind of facilities that Hilton can provide and Southside is the ideal location for a new hotel.”
The agreement between Hilton and PRUPIM follows the recent news that the government has approved funding for major works to improve Junction 11 of the M4 - Reading’s most important road gateway. In the same week the Department for Transport (DfT) gave the go-ahead for a railway station at neighbouring GreenPark.
“This is excellent news will make the area even more attractive to business occupiers, residents and hotel guests,” Stephen Tully continued.
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