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][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 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,[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]
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]
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