London & Regional Properties

London & Regional Properties Limited
London & Regional Properties Limited
Trade name	L+R
Type	Private limited company
Industry	Real estate; Private equity
Founded	1987; 39 years ago
Founders	Richard Livingstone; Ian Livingstone;
Headquarters	55 Baker Street; London, United Kingdom
Key people	Richard Livingstone; Ian Livingstone; (executive co-chairmen); Desmond Taljaard; (deputy chairman); Cody Bradshaw; (Group CEO); Andy Fish; (Group CFO); Joe Pettigrew; (Group CCO);
AUM	£10 billion
Owners	Richard Livingstone; Ian Livingstone;
Website	www.lrgroup.com

London & Regional Properties Limited (trading as L+R) is a British real estate and leisure investment firm based in London, United Kingdom. It is one of the largest privately held principal investors in Europe, performing private equity style investments in direct property and asset-backed operating businesses.

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

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. The group's holdings include landmark assets in the UK, Continental 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, with responsibility for leading the group's global hotel platform. Joe Pettigrew was named Group Chief Commercial Officer (CCO), overseeing revenue management, sales, marketing, brand, PR, and digital strategy.

Portfolio

The company's portfolio includes:

Investments

Atlas Hotels, a hotel real estate and operating company with 46 limited service hotels across the UK
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
The Empire, Leicester Square^{[citation needed]}
General Healthcare Group, the UK's leading independent health provider with 67 hospitals
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^{[citation needed]}
Cliveden, purchased from the collapsed Von Essen Hotels group in February 2012. The Livingstones withdrew from parallel negotiations to buy the Royal Crescent hotel.
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

References

↑ "London & Regional Properties Limited". Companies House. Retrieved 28 September 2024.
↑ "Persons with significant control". Companies House. Retrieved 24 April 2026.
↑ "London & Regional rebrands as L+R with hotels under new umbrella Iconic".
↑ London & Regional Properties, official website
↑ "L&R Acquires Atlas Hotels". 29 April 2016. Retrieved 20 November 2017.
1 2 3 Rossiter, James (8 February 2007). "UK developer wins $700m Panama contract". The Times. London. Archived from the original on 12 June 2011. Retrieved 15 July 2011.
1 2 Neate, Rupert (2 September 2011). "Property magnates poised to buy Profumo mansion Cliveden". The Guardian. Retrieved 6 September 2011.
↑ Reynolds, John (27 November 2011). "Anglo-backed hotel was sold to ex-Anglo banker". Irish Independent. Retrieved 6 January 2012.
↑ "London And Regional Properties". L + R | London And Regional Properties. Retrieved 20 November 2017.
↑ London & Regional Properties Ltd, Business Week. Retrieved 15 July 2011.
↑ Lee, Isobel (24 February 2025). "Investor Profile: L+R looks to leverage its global platform for growth | Hospitality Investor". www.hospitalityinvestor.com. Retrieved 21 August 2025.
↑ "Bradshaw to become CEO at L+R Hotels". www.hotelinvestmenttoday.com. Retrieved 21 August 2025.
↑ "L+R Hotels bulks up C-suite with Pettigrew appointment". HOTELSMag.com. Retrieved 21 August 2025.
↑ Martin, Luke (30 June 2025). "L+R Hotels Streamlines Operations and Tech, Rethinks Loyalty". Skift. Retrieved 21 August 2025.
↑ Portfolio Archived 2011-06-21 at the Wayback Machine, L+R website
↑ "HFF Announces Recapitalisation for 48-Property Hotel Portfolio in the United Kingdom" (Press release). Business Wire. 6 November 2017.
↑ "Destination Hotels". LR Hotels. Retrieved 13 August 2020.
↑ "About BMI | BMI Healthcare UK". www.bmihealthcare.co.uk. Retrieved 21 November 2017.
↑ Offers made on two-thirds of von Essen hotels, This is Bath, 5 September 2011. Retrieved 6 September 2011.
↑ Harmer, Janet (30 January 2012). "Cliveden sale to complete tomorrow as new owners promise to return property's sparkle". Caterer & Hotelkeeper. Archived from the original on 2 February 2012. Retrieved 4 February 2012.

External links

Official website

[1] "London & Regional Properties Limited". Companies House. Retrieved 28 September 2024.

[2] "Persons with significant control". Companies House. Retrieved 24 April 2026.

[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 20 November 2017.

[times2007-6] 1 2 3 Rossiter, James (8 February 2007). "UK developer wins $700m Panama contract". The Times. London. Archived from the original on 12 June 2011. Retrieved 15 July 2011.

[Neate-7] 1 2 Neate, Rupert (2 September 2011). "Property magnates poised to buy Profumo mansion Cliveden". The Guardian. Retrieved 6 September 2011.

[ie-1-8] Reynolds, John (27 November 2011). "Anglo-backed hotel was sold to ex-Anglo banker". Irish Independent. Retrieved 6 January 2012.

[9] "London And Regional Properties". L + R | London And Regional Properties. Retrieved 20 November 2017.

[BW-10] London & Regional Properties Ltd, Business Week. Retrieved 15 July 2011.

[11] Lee, Isobel (24 February 2025). "Investor Profile: L+R looks to leverage its global platform for growth | Hospitality Investor". www.hospitalityinvestor.com. Retrieved 21 August 2025.

[12] "Bradshaw to become CEO at L+R Hotels". www.hotelinvestmenttoday.com. Retrieved 21 August 2025.

[13] "L+R Hotels bulks up C-suite with Pettigrew appointment". HOTELSMag.com. Retrieved 21 August 2025.

[14] Martin, Luke (30 June 2025). "L+R Hotels Streamlines Operations and Tech, Rethinks Loyalty". Skift. Retrieved 21 August 2025.

[15] Portfolio Archived 2011-06-21 at the Wayback Machine, L+R website

[16] "HFF Announces Recapitalisation for 48-Property Hotel Portfolio in the United Kingdom" (Press release). Business Wire. 6 November 2017.

[17] "Destination Hotels". LR Hotels. Retrieved 13 August 2020.

[18] "About BMI | BMI Healthcare UK". www.bmihealthcare.co.uk. Retrieved 21 November 2017.

[19] Offers made on two-thirds of von Essen hotels, This is Bath, 5 September 2011. Retrieved 6 September 2011.

[20] Harmer, Janet (30 January 2012). "Cliveden sale to complete tomorrow as new owners promise to return property's sparkle". Caterer & Hotelkeeper. Archived from the original on 2 February 2012. Retrieved 4 February 2012.