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« on: Tuesday 06 November 07 09:53 GMT (UK) »
Pardon me - I meant between 1841 and 1881 census returns. I don't think it is listed in the 1901 census either, which indicates a first appearance is in the 1910s and your researches show its existence by 1915 - maybe it was the Swan, renamed (if only one hotel was listed).
You might be able to check this on later 20th century census returns (not yet available online but surely you'll find them at Reading library) to determine the exact location from the sequence of listings. If it were a new build, that is likely to be on the west of the Thames (the east side being Shillingford) so it was probably constructed on the west bank, just upriver beyond the Swan, later being incorporated into the present hotel complex.
When I last visited the present hotel there were some early photographs of the local area displayed in the bar.
Good hunting.