Robert Godwin is the Managing Director of Lamington Group. A property investment and development business founded in the 1960s by his father, Lamington Group has expanded from smaller residential developments to owning and operating larger 70+ unit Aparthotels through their brand, Room 2.
After a masters in real estate Robert jumped into the family business and at the age of 31 he has done an incredible job over the last 7 years of tripling the size of the business. The business was awarded in the European awards for 1500 fastest growing businesses in 2016.
Today, Lamington group has a significant asset holding and continue to actively source schemes where value can be added through planning and development.
The group has a particular focus on expansion in the extended stay sector which is the fastest growing segment of the UK's hospitality industry, with a design and experienced led hometel brand, room2.
Some of the things we discuss are;
The dynamics of working in a family business.
Risk profile and what he felt was the right level of debt for parts of the business and why.
Adapting a development business into residential lettings and then into Serviced Apartments, Homelets and Apart Hotels.
What metrics he likes to monitor to check the performance of the business.
How the Hotels side of his business has adapted in the face of Covid-19.
Some of the different things to concentrate on whether owning the hotel building or taking it on on a 25 year lease. (Something their company does both of)
And lots more
You can find more info on Robert and his fantastic business here https://www.lamingtongroup.com
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