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London & Regional Properties

L+R, formerly known as London and Regional Properties and L+R Hotels[3] is a private real estate and leisure investment firm based in London, United Kingdom. It is one of the largest privately held principal investors in Europe,[4] performing private equity style investments in direct property and asset-backed operating businesses.[5]

L+R was founded in 1987 by Richard Livingstone, a chartered surveyor, and his brother Ian, a former optometrist.[6] The brothers are billionaires and are described by the Irish Independent as "secretive".[7] The firm has upwards of £9 billion in assets under management.[8] L+R has business interests in the United Kingdom, Europe, and the Americas[9]

Iconic Hotels & Resorts

In addition to its property and investment activities, L+R operates a global hotel platform known as Iconic Hotels & Resorts. As of 2026, the portfolio comprises 115 hotels across 11 countries, representing 37 brands and 19 management teams, with a combined asset value of approximately £7 billion.[10] The group’s holdings include landmark assets in London, Europe, and the United States including Chewton Glen and Cliveden House.

Key Appointments

In 2025, Cody Bradshaw was appointed Chief Executive Officer (CEO) of L+R Hotels,[11] with responsibility for leading the group’s global hotel platform. Joe Pettigrew was named Group Chief Commercial Officer (CCO),[12] overseeing revenue management, sales, marketing, brand, PR, and digital strategy[13]

Portfolio

The company's portfolio includes:[14]

Investments

  • Atlas Hotels, a hotel real estate and operating company with 46 limited service hotels across the UK[15]
  • David Lloyd Leisure, a gym and health club company with 85 locations across the UK and Europe
  • London Hilton on Park Lane
  • The Trafalgar St. James London
  • The Lensbury[16]
  • The Empire, Leicester Square
  • General Healthcare Group, the UK's leading independent health provider with 67 hospitals[17]
  • Atu's real estate portfolio of 271 assets located in Germany
  • Diageo's head office in London WC1
  • 55 Baker Street, site of Marks & Spencer's former head office
  • 90 care homes, formerly managed by Southern Cross until 2011, to be managed by Orchard Care Homes in the North and Minster in the South-East
  • Cliveden, purchased from the collapsed Von Essen Hotels group in February 2012.[6] The Livingstones withdrew from parallel negotiations to buy the Royal Crescent hotel.[18][19]
  • Crowne Plaza hotel in Cambridge was bought for more than €45m from the former Sean Quinn Group in August 2012.
  • A development of 750 apartments with hotel and leisure facilities at Greenwich Peninsula
  • The Panama Pacifico, a US$700 million mini-city on the banks of the Panama Canal[20]

External links

References

  1. Overview Companies House, retrieved 2024-09-28^
  2. Persons with significant control Companies House, retrieved 2024-09-28^
  3. London & Regional rebrands as L+R with hotels under new umbrella Iconic^
  4. London & Regional Properties, official website^
  5. L&R Acquires Atlas Hotels 29 April 2016, retrieved 2017-11-20^
  6. Rupert Neate. Property magnates poised to buy Profumo mansion Cliveden The Guardian, 2 September 2011, retrieved 6 September 2011^
  7. John Reynolds. Anglo-backed hotel was sold to ex-Anglo banker Irish Independent, 27 November 2011, retrieved 6 January 2012^
  8. London And Regional Properties L + R, retrieved 2017-11-20^
  9. London & Regional Properties Ltd, Business Week. Retrieved 15 July 2011.^
  10. Isobel Lee. Investor Profile: L+R looks to leverage its global platform for growth www.hospitalityinvestor.com, 2025-02-24, retrieved 2025-08-21^
  11. Bradshaw to become CEO at L+R Hotels www.hotelinvestmenttoday.com, retrieved 2025-08-21^
  12. L+R Hotels bulks up C-suite with Pettigrew appointment HOTELSMag.com, retrieved 2025-08-21^
  13. Luke Martin. L+R Hotels Streamlines Operations and Tech, Rethinks Loyalty Skift, 2025-06-30, retrieved 2025-08-21^
  14. Portfolio, L+R website^
  15. HFF Announces Recapitalisation for 48-Property Hotel Portfolio in the United Kingdom Business Wire, November 6, 2017^
  16. Destination Hotels LR Hotels, retrieved 13 August 2020^
  17. About BMI www.bmihealthcare.co.uk, retrieved 2017-11-21^
  18. Offers made on two-thirds of von Essen hotels, This is Bath, 5 September 2011. Retrieved 6 September 2011.^
  19. Janet Harmer. Cliveden sale to complete tomorrow as new owners promise to return property's sparkle Caterer & Hotelkeeper, 30 January 2012, retrieved 4 February 2012^
  20. James Rossiter. UK developer wins $700m Panama contract The Times, 8 February 2007, retrieved 15 July 2011^