Search Site

Trends banner

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Alphabet posts first $100 bn quarter

The growth was powered by cloud division buoyed by AI

Nvidia to take stake in Nokia

Nvidia share price soars 20%.

Select Group buys hotel in UK

  • The acquisition is an important part of Select Group's diversification and growth strategy
  • Select Group has a portfolio of premium residential, commercial and mixed-use developments in the UAE and Europe

Select Group of Dubai has bought a luxury hotel in the United Kingdom with a golf course and a spa and health club.

The acquisition is an important part of Select Group’s diversification and growth strategy.

The Mere Golf Resort and Spa in the English town of Knutsford has 81 guest bedrooms, an event capacity of up to 550 people, a golf course, and a spa and health club, a statement said. However, its value remains undisclosed.

“We truly believe that Mere Golf Resort and Spa has a high potential to become the best resort of its class in the northwest of England, and we are looking forward to achieving this goal by working closely together with the hotel team,” Rahail Aslam, founder and CEO of Select Group, said.

Following the purchase, the property will be renovated in order to improve its position in the luxury market.

“The vision is to upgrade the rooms, the public spaces and facilities, add new rooms and expand the public areas, continuing to attract international and domestic corporate and leisure travelers,” the company said.

Select Group has a portfolio of premium residential, commercial and mixed-use developments in the UAE and Europe.