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]
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]
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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