Share in a premium hotel complex in the south of the island

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Grenada, St. George's
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ID GD7790

from $270,000

Property sold
This property is sold, but we will help you find another one
Elena Kozyrevaexpert of the Grenada residence permit program for investment
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Grenada Citizenship

$270,0008+ months

The property is approved by the Grenada Government for the citizenship by investment program.

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Cost

Property cost

from $270,000

Distances

Ocean 50 m
Infrastructure 50 m
Airport 4 km

Yield and management

Yield

2-3%

Property management

Yes

We will help you sell the object if you decide to exit the investment

Description

The project is located in the south of the island of Grenada in St. George, represented by a hotel complex that has a panoramic view of the two best beaches in Grenada and is located a few steps away from them. The cost of the share is $220,000, which includes:

  • share in a condominium depending on the size of the apartment
  • a share in the common elements served by the hotel (footpaths, stairs, swimming pool)

The owner of the share receives rental income: when buying a share, the owner must include it in the mandatory rental program. When the hotel opens, investors will be paid a portion of the net rental income in proportion to the shares they own, however, from the date of purchase, the owners will receive a minimum guaranteed annual return of 2% for the first 5 years. The investor is also entitled to 14 free nights of accommodation per year. The hotel complex, consisting of modern premium rooms, occupies a spacious area on a hill with lush tropical gardens. The hotel and villas are ideal for guests looking for luxury in a tranquil setting. 

The services provided by the hotel will include gourmet cuisine, swimming pool, conference room, laundry service, gym, high-speed Wi-Fi, concierge service, airport transfer. The project will be implemented in two stages. The first stage is the reconstruction and creation of a luxury boutique hotel with 39 rooms with a conference room, a swimming pool, a terrace, administrative offices, a restaurant, a pantry and a laundry. The second stage is the construction of modern villas with a spacious open plan overlooking the Grand Anse and the Caribbean Sea.

Real estate

Object type

Hotel complex, Share

Object category

Reconstruction

Object stage

Ready

Permits

Yes

Design features

Share

Characteristics

Number of storeys

2

Land area

Open

Parking

Yes

View

Ocean

Equipment

Split system conditioning

Properties

Covered deck
Public pool
Concierge desk
Gym
Garden on the plot
Terrace
Internet
TV

Location