Operator search underway for Reading aparthotel

George Sell George Sell Uploaded 04 October 2021

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UK: Developer Thackeray Group has launched a search for an aparthotel operator to anchor its £30 million QVS development in the centre of Reading after securing planning consent.

Thackeray has appointed Saxbury to find an operator to lease a 94-key aparthotel at the heart of the development. Thackeray is carrying out a sensitive redevelopment of the site at 1-15 Queen Victoria Street and 147-148 Friar Street by restoring the grade II-listed buildings and extending to the rear to create a market square with boutique retailers and independent food traders.

Thackeray Group is a real estate investment, development and asset management company owned by Antony Alberti and Brett Palos.

Antony Alberti, CEO and co-founder of Thackeray Group, said: “The impressive Victorian buildings are well positioned at the gateway to Reading city centre opposite the new crossrail station. They are long overdue a comprehensive restoration, which this project will enable, and, once redeveloped, will provide high quality accommodation, leisure and retail."

Ben Davis, co-founder of Saxbury, said: “The leasing of QVS presents a unique opportunity for a leading brand to gain scale and presence in one of the UK’s top three cities for digital technologies, and, with the benefit of the secured planning consents, these historical buildings can be remodelled to create one of the finest aparthotels in the south-east."

 

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