The closest and cheapest hotels in Colchester near the railway station:
Premier Inn Colchester Central
Red Lion Hotel
The George
The Rose and Crown
Premier Inn Colchester
The Globe
For bookings visit http://www.booking.com/city/gb/colchester.html?aid=322180;label=colchester-dX9_iJj5*Z75vE82D0LYjwS2370499141;ws=&gclid=CPq0z9DJ06gCFQEY4QodNRdz_A
NB! Do NOT book the Riverside Hotel as it has a bad reputation.