After 13 years at Starwood Capital, the formidable investor
wants L+R to become the ‘go-to buyer of hotel real estate and partner of choice
for major investors.’
LONDON – Former Starwood Capital leader in Europe, Cody
Bradshaw, is set to join L+R Hotels as group CEO, effective October 1.
Bradshaw will be responsible for global strategy, growth, asset
management and performance. The three business units—Americas, Europe & UK and
Atlas – will report directly to Bradshaw. L+R Hotels own, develop and operate a portfolio of 114 hotels (23,014 rooms) in eight countries, spanning across the U.K., Continental Europe, the U.S., and the Caribbean.
L+R Hotels is one of the most unique and formidable international hotel investment platforms in the sector with an undeniable track record, unparalleled geographic footprint and access to a very significant long-term private capital pool. I am truly honored to take the helm of such an extraordinary organization for its next phase of growth and evolution.
Cody Bradshaw
With 25 years of
hospitality real estate investing experience, including a significant
acquisitions and asset management track record spanning across five continents,
Bradshaw most recently spent more than 13 years at Starwood Capital Group,
where he served on the firm’s Investment Committee and was instrumental in
leading the global hotel team and business as the firm grew from $20 billion assets
under management to $120 billion under management.
Prior to joining Starwood Capital in 2011, Bradshaw played a
key role in developing D.C.-based Pebblebrook Hotel Trust following its “blind
pool” IPO in 2009. Earlier in his career, he served as the first employee of
the San Francisco-based Chartres Lodging Group, participating in seven years of
rapid expansion. He began his career at Hyatt Hotels Corp. after graduating
from Cornell University.
“Over the past 10-plus years I have watched with admiration
as the L+R Hotels platform grew from 10 hotels to 114 hotels under Desmond
Taljaard’s stewardship,” Bradshaw said in a statement. “L+R Hotels is one of
the most unique and formidable international hotel investment platforms in the
sector with an undeniable track record, unparalleled geographic footprint and
access to a very significant long-term private capital pool. I am truly honored
to take the helm of such an extraordinary organization for its next phase of
growth and evolution.”
Taljaard will serve as deputy chair for L+R Group, and also
act as an advisor to the affiliated family office.
Bradshaw added, “With in-house capabilities encompassing
construction and design management, brand and platform creation, off-market
deal sourcing, debt origination, special situations and operations management
expertise spanning 5-star luxury, select-service, alternative lodging and
everything in between, I’m very excited about the future growth prospects for
L+R Hotels and its potential to become the go-to buyer of hotel real estate and
partner of choice for major investors seeking a genuine alignment of interest
with a best-in-class partner across all types of lodging sector opportunities
and layers of the capital stack.
“Lastly, I am incredibly grateful for the nearly decade and
a half I spent at Starwood Capital Group working and learning under the vision
and leadership of Barry Sternlicht and look forward to exploring ways to build
upon that relationship in the future under my new role as group CEO of L+R
Hotels working alongside our stellar senior leadership team, including the
notable addition of new L&R Group CFO Andy Fish.”