London & Regional Properties has inked a £60m deal to take over the Lensbury Club in southwest London from oil giant, Shell.
The company, which is headed up by Ian and Richard Livingstone who own Cliveden House Hotel and Chewton Glen, have exchanged contracts for the leisure and members club and four-star hotel to add to their portfolio of properties.
The Lensbury opened in 1920 as a grace-and-favour staff club and now comprises a spa, pool, gym and tennis courts on 25 acres by the River Thames at Teddington. It opened to the public in the 1990s.
Previous owners Shell said that it was looking to sell The Lensbury in February as it has ‘the greatest potential for further growth and development under new ownership’.
A press release on The Lensbury’s website announced the change in ownership to its members after discussions with ‘a number of interested parties’.
Tim Harte, chairman of The Lensbury said: “We have always been keen that any change of ownership builds on the history and heritage of The Lensbury and I believe that L+R ownership will mark the beginning of an exciting new chapter for this unique business, its members and staff.
“L+R have asked me to reassure you (the members) that they are proud that The Lensbury will join their portfolio of properties, which includes Chewton Glen, Cliveden, Lygon Arms, 11 Cadogan Gardens, The Trafalgar, Fairmont Monte Carlo, Fairmont Barbados, Amathus Rhodes, Ibiza Nobu and Excelsior Venice.
“They are also very aware of the long and rich history of The Lensbury and wish it to remain vibrant and relevant to its members, guests and staff. They fully appreciate that, at its core, The Lensbury is a premium leisure club and this is vital to its future success.”
London and Regional Group Hotel Holding Ltd (L+R) is a private group of international companies established in 1987 and owned by brothers Richard and Ian Livingstone.
It is one of Europe’s largest privately-owned property groups with worldwide investments. The hotel portfolio includes Cliveden House, Chewton Glen, 11 Cadogan Gardens and the Lygon Arms, which operate under the Iconic Luxury Hotels brand, plus Hilton Park Lane, The Trafalgar and Strand Palace in the UK.
Source: Boutique Hotelier