Evolution Investment Fund, a newly created global luxury hospitality real estate fund, has committed £1.1bn (€1.3bn) to two UK hotel projects.
Evolution Investment Fund, launched in 2025 by the Shanshal family, said it has acquired a long leasehold interest in the London Marriott Hotel Grosvenor Square and the fully consented 8-10 Grafton Street & 22-24 Barlow Place luxury hotel development site in New Bond Street from O&H Grafton Developments.
The London Marriott Hotel Grosvenor Square is a 237-key, 198,000sqft hotel and the acquisition of the fully consented scheme at 8-10 Grafton Street & 22-24. Barlow Place is a 157,000sqft project that will include 94 hotel keys and six luxury residences, with plans to deliver a 12-storey tower as part of the new hospitality offering in Mayfair.
A spokesperson for the Shanshal family said: “Our first two acquisitions in Mayfair are much more than prime London assets; they represent our long-term conviction in the enduring quality, resilience and global appeal of this magnificent city. We plan to invest significantly in these locations, driven by a firm belief in their exceptional long-term appeal.”
Evolution Investment said it has also appointed former UK Chancellor Nadhim Zahawi as a director to the boards of the UK acquisition entities.
Zahawi said: “I’m delighted to have joined the two UK boards at this exciting stage of Evolution’s history. I look forward to using my experience to support the Shanshal family and team to deliver world class luxury hospitality assets in Mayfair and in the UK.”
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