Justine Noble

💸 Nadim Zahawi joins a Middle Eastern fund investing over £1bn in two luxury hotels in London's Mayfair. The Evolution Investment Fund, based in the British Virgin Islands, has taken a leasehold interest in the London Marriott Hotel Grosvenor Square and a development site near New Bond Street. The Marriott spans 198,000 sq ft with 237 rooms. The new site will offer 94 hotel rooms and six luxury residences. Zahawi, former UK Chancellor, will serve as director.

💰 The Methodist Church approved a £1.2 million investment for The Wesley Hotel in London's Euston, aiming to ensure sustainability and mission-driven impact. The funds, sourced from the MIC Trust, will facilitate renovations including bedroom upgrades and facade improvements over the next few years. The move follows a council meeting highlighting the need for fresh investments after a decade of limited improvements. The refurbishment also supports net zero goals and the church’s wider mission.