Evolution Investment Fund acquires two landmark London hotels

With a total capital commitment of approximately £1.1 billion including development expenditure, Evolution 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 Limited.

Evolution’s investment marks a significant vote of confidence in London’s long-term growth prospects and as a destination for world-leading experiences. The capital continues to attract record numbers of global visitors, named Europe’s most visited city in 2025.

Image credit: Marriott International

The London Marriott Hotel Grosvenor Square is a 237-key, 198,000 square feet hotel prominently positioned on the north side of Grosvenor Square, widely regarded as the historic and cultural heart of Mayfair. Grosvenor Square stands as one of London’s most distinguished garden squares, surrounded by embassies, private members’ clubs, luxury retail boutiques, and prime residential properties.

The acquisition of the fully consented scheme at 8–10 Grafton Street & 22-24 Barlow Place is a significant entry into one of the world’s most prestigious hospitality markets. The landmark 157,000 square feet project will include 94 hotel keys and six luxury residences, with plans formed by Foster + Partners to deliver a 12-storey tower as part of the new ultra-prime hospitality offering in Mayfair.

Image credit: CBRE and Foster + Partners

Evolution intends to create and operate these hospitality assets, blending heritage and design innovation, with a focus on world-class guest experience.

Evolution was launched in 2025 by the Shanshal family.

Separately, Evolution has appointed Nadhim Zahawi as a Director to the boards of the UK acquisition entities.

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.”

Nadhim Zahawi, Director of the acquisition entities, added: “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.”

Main image credit: Marriott International