London & Regional Properties

London & Regional Properties Limited (L&R) 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,^[3] performing private equity style investments in direct property and asset-backed operating businesses.^[4]

London & Regional Properties Limited

Company type	Private limited company[1]
Industry	Real estate Private equity
Founded	1987; 38 years ago (1987)
Founders	Richard Livingstone Ian Livingstone
Headquarters	55 Baker Street London, United Kingdom
Number of locations	3 offices
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	£9 billion
Owners	Richard Livingstone Ian Livingstone[2]
Website	lrp.co.uk landrhotels.com

L&R was founded in 1987 by Richard Livingstone, a chartered surveyor, and his brother Ian, a former optometrist.^[5][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]

L+R Hotels

In addition to its property and investment activities, London & Regional operates a global hotel platform known as L+R Hotels. As of 2025, 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, as well as the Iconic Luxury Hotels collection in the United Kingdom.^[11]

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^{[citation needed]}
• 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^[5]
• 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.^[6] 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^[5]