Has the watch been in contact with water lately?
If water gets into the watch, the battery getting very hot during charging can be a result of water damage.
Water damage can not be fixed by putting your watch into rice, that's a myth.
The watch has to be replaced completely by Apple, corrosion will set in over time and damage the rest of the hardware.
You can check this Apple Watch Service page to find out more about the costs for your model.
Apple Service and Repair for Apple Watch - Apple Support
If your watch is covered by Apple Care, the price for the replacement starts at $69, without Apple Care the range is between $299 - $399.