London & Regional Properties
| L+R | |
| Type | Private limited company[1] |
| Industry | Real estate Private equity |
| Founded | 1987 |
| Founders | |
| Headquarters | 55 Baker Street London, United Kingdom |
Key people |
|
| AUM | £10 billion |
| Owners |
|
| Website | www |
London & Regional Properties Limited (trading as L+R)[3] 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,[4] performing private equity style investments in direct property and asset-backed operating businesses.[5]
The firm was founded in 1987 by Richard Livingstone, a chartered surveyor, and his brother Ian, a former optometrist.[6][7] The brothers are billionaires and are described by the Irish Independent as "secretive".[8] The firm has upwards of £9 billion in assets under management.[9] L+R has business interests in the United Kingdom, Europe, and the Americas.[10]
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.[11] 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,[12] with responsibility for leading the group's global hotel platform. Joe Pettigrew was named Group Chief Commercial Officer (CCO),[13] overseeing revenue management, sales, marketing, brand, PR, and digital strategy.[14]
Portfolio
The company's portfolio includes:[15]
Investments
- Atlas Hotels, a hotel real estate and operating company with 46 limited service hotels across the UK[16]
- 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[17]
- The Empire, Leicester Square
- General Healthcare Group, the UK's leading independent health provider with 67 hospitals[18]
- 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[6]
- 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.[7] The Livingstones withdrew from parallel negotiations to buy the Royal Crescent hotel.[19][20]
- 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[6]
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.