Among
the noteworthy deals of the past week was Select M City Ltd.’s acquisition of
the Radisson Blue Dubai Media City in Dubai from an undisclosed seller
for more than AED200 million ($54.4 million).
DUBAI —
Dubai-based Select M City Ltd. acquired the Radisson Blu Dubai Media City
from an undisclosed seller for more than AED200 million ($54.4 million).
Knight Frank
MENA brokered the deal, which is the largest hotel sale in Dubai’s Media Free
Zone. Select M City Ltd. is a subsidiary of Dubai-based Select Investments Ltd.
The transaction was supported by legal advisors Baker McKenzie and Wisefields.
Select Group
plans to refurbish the hotel and said the acquisition is part of a broader
strategy to secure high-value hospitality assets in key locations.
To download
our list of deals from the past week in Excel format, click here.