Evolution Investment Fund acquires two London hotels
The newly established Evolution Investment Fund has acquired two luxury hotel developments in Mayfair, London, with a total capital commitment of approximately £1.1 billion, including development expenditure.
Evolution launched in 2025 by the Shanshal family. The British Virgin Islands–based fund is focused on acquiring, developing, and repositioning luxury hospitality assets globally, targeting “iconic locations” in gateway cities.
The firm has acquired the long leasehold interest of London Marriott Hotel Grosvenor Square and the the fully consented 8–10 Grafton Street and 22-24 Barlow Place luxury hotel development site in New Bond Street from O&H Grafton Developments Limited.
London Marriott Hotel Grosvenor Square is a five-star, 237-key hotel. Spanning 198,000 square feet, it features the Gordon Ramsey Bar & Grill, the Lucky Cat by Gordon Ramsay, a cocktail bar and lounge, and a ballroom.
The project on Grafton Street and Barlow Place will include 94 hotel keys and six luxury residences, with plans by Forster & Partners to deliver a 12-storey tower.
Eloise Hanson