INSEAD Day 4 - 728x90

Sanad posts record revenue

Growth driven by global demand for services.

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

DIB H1 net profit $1bn

Gross revenue increased 10% year on year

SIB H1 profit up 15.3%

Total operating income rises 20.5 percent.

flydubai Aleppo flights resumed

The flights were resumed after nearly 14 years.

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.