Shareholders Mark Boler and Gary Corbett, who developed the 81-bedroom luxury resort, spa and 18-hole James Braid designed championship golf course, are understood to have sold their stake in the business to Ejarat Holdings, a company registered in Jersey.
Mark Boler said “I am delighted we have secured a new owner for the business.
“Since 2011 we have continued to develop The Mere brand with investment in building the spa and hotel and enhancements to the wider resort offering, and now truly believe that this presents an opportunity for the business to build on its already enviable position and grow further.”
Chairman Gary Corbett assumes the role of CEO, with Mark Boler remains as a non-executive director.
Corbett added “This deal represents a fantastic opportunity for the business to continue to grow and further establish itself as a major North West premier luxury resort.
“The new owners are keen to continue to invest in this fabulous product and brand and are determined to consistently deliver a world class service and be recognised as the venue of choice in the county.
“This is an exciting and positive period for the management, the team, the membership and our guests to continue to be part of something special.”