Wellington College, Waterloo Hotel: Frith no. 57927
The Waterloo Hotel, on Dukes Ride, is no longer connected to Wellington College (as far as I know).
2006:
Wellington College, Waterloo Hotel: 2006
For the most part, the building exterior has not been altered a great deal since the postcard was published.
2009:
Crowthorne Heritage 
Hi
I’m doing some research into the history of the waterloo hotel. Can you contact me
Thanks
It was known for keeping Penguins in the garden. It was proably late sixties early seventies, I am not sure. I was told they were killed by mindless yobs with beer glasses and not re-stocked.