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Iconic Luxury Hotels and L&R Hotels, the two hospitality arms of global investment firm L+R, have announced a merger to create a single, unified operating platform: Iconic Hotels and Resorts.
The new entity will serve as the dedicated, fully integrated operating division for L+R’s owned global hotel portfolio, which includes landmark assets such as Cliveden House, Nobu Portman Square, and Excelsior Venice Lido.
The merger is the cornerstone of a wider corporate transformation for L+R (formerly London and Regional), which manages a wholly owned real estate portfolio valued at over £10bn.
The firm is bringing its four distinct verticals, Hotels, Commercial Real Estate, Private Credit, and Ventures, under a single brand to streamline operations and enhance third-party capital relationships.
To lead the newly formed platform, L+R has appointed Shan Kanagasingham as chief operating officer of Iconic Hotels and Resorts.
Kanagasingham joins with 30 years of global hospitality experience, most recently spearheading the growth of Auberge Resorts Collection from seven to 40 properties. In his new role, he will oversee global operations and lead value-creation strategies across five countries.
As part of the launch, Iconic Hotels and Resorts unveiled a new 7,000-square-foot global headquarters in central London, housing 100 specialists and a new in-house interior design studio.
The firm’s select-service platform, Atlas Hotels, the largest Holiday Inn Express franchisee in Europe, will continue to be operated on a stand-alone basis from its headquarters in Leicester.
Ian Livingstone, executive chairman of L+R, said: “This is an exciting new chapter for L+R as we continue to grow our family office business with an enhanced sector specialist investment and operating platform. Our core ethos of disciplined investing of our own capital will always remain fundamental.”
Cody Bradshaw, CEO of Hotels at L+R, added: “The launch of our new, Central London-based Iconic Hotels and Resorts, together with the appointment of prominent industry veteran Shan Kanagasingham, follows a transformative year of investment in our new headquarters, people, systems, and strategy.
“These milestones mark the beginning of an ambitious new chapter as we position Iconic to become a leading global operator and trusted partner to major owners and investors.”
