Penthouse, Hilton Condo Residences, Grenada
The top unit in a branded condominium building under construction on Grenada's south coast, near St George's. It suits a buyer who wants a serviced, lock-and-leave base in the eastern Caribbean, with an operator handling the parts of ownership most people dislike, and who would like Grenadian citizenship to come out of the same transaction. The images are the developer's renderings — the finished penthouse does not exist yet.
What you actually own
Freehold title, the strongest form of ownership on the island: yours to mortgage, leave to your children, and sell to a buyer who has nothing to do with a citizenship program.
The complication is Grenada's Aliens (Land-Holding Regulation) Act. A non-national needs a licence from the Minister to hold land, and land held without one is liable to forfeiture to the Government; inside a government-approved project this is normally handled as part of the approval. At this price I want it in writing — whether a licence is needed for you specifically, who applies, what it costs, and what happens to your deposit if it is refused.
The hotel brand on the door is a licence between the operator and the brand owner. It is not part of your title and it can lapse.
What it costs to buy, and to hold
Under Grenada's Property Transfer Tax Act a non-citizen purchaser pays ten per cent of market value. Where the villa or apartment is declared an approved tourism development, a first transfer costs the non-citizen purchaser five per cent, and subsequent transfers two and a half per cent each side. On US$2,200,000 that declaration is worth roughly US$110,000, so the most valuable thing I can get you before signing is written confirmation of whether this building carries it and whether yours is a first transfer.
The annual property tax rate is set by Ministerial Order each year, so I quote the Order in force rather than a figure. Service charge, reserve contribution and hurricane-belt insurance are unpublished here — ask for the developer's budget, and last year's.
This property qualifies for the Grenada Citizenship by Investment program.
More in Grenada.
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Hotel Share, Hilton Condo Residences, Grenada
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Studio Residence, Hilton Condo Residences, Grenada
A studio residence in a new Hilton-branded condo development on Grenada's south coast, from US$575,000.
One-Bedroom Residence, Hilton Condo Residences, Grenada
A one-bedroom residence in a new Hilton-branded condo development on Grenada's south coast, from US$1,100,000.
Two-Bedroom Residence, Hilton Condo Residences, Grenada
A two-bedroom residence in a new Hilton-branded condo development on Grenada's south coast, from US$1,795,000.
Studio Residence, South Coast Beachfront Condos, Grenada
A 398 sq ft studio residence on Grenada's south coast, US$360,000 — the most accessible entry into the collection.
Interested in Penthouse, Hilton Condo Residences, Grenada?
Book a private call with Dan to explore availability, ownership options and eligibility.
Book a Private CallDan Merriam & Associates acts for the buyer. Our advice is independent, not contingent on any sale, and we hold no brokerage or developer mandate.
Frequently asked questions
What does it cost to hold each year?
Grenada's annual property tax rate is set by Ministerial Order and determined yearly, so I work from the Order in force rather than an old published percentage. Service charge, reserve contribution, buildings insurance and any management fee are not published for this building. I get the developer's budgeted figures, and the prior year's, in writing before a client signs.
Can I rent it out?
A branded scheme usually comes with a rental arrangement, and I have seen no published terms for this one, so I will not put a yield on this page. The questions that decide its value are whether participation is optional or mandatory, who sets the nightly rate, whether the revenue split is struck on gross or after the operator's costs, and how many nights a year you can use it yourself. Note that the Property Transfer Tax Act ties the hotel-class annual rate to the owner making the property available for rent, so your rental decision and your tax class are linked.
Does it qualify for Grenadian citizenship?
Grenada's real-estate route requires US$350,000 for a sole buyer, or US$270,000 per share where two or more individuals buy a unit valued at US$540,000 or more, plus a government contribution of US$50,000 for a main applicant and up to three dependants; if a passport is the actual objective, the fund contribution at US$235,000 for a main applicant and up to three dependants is cheaper than any property. At this price the threshold is cleared many times over, so the real question is whether the government treats the freehold title itself or a separate participation in the project as the qualifying investment — I settle that in writing, with the unit and price named, before a client commits. US citizens are taxed on worldwide income regardless of a second citizenship.
What is the catch?
You are buying from drawings, and specification substitution between the rendering and the handover is the most common complaint I deal with. Get a specification schedule annexed to the contract, staged payments held in escrow against certified construction milestones, a stated remedy if completion slips, and the minimum holding period from the program's own terms. The resale pool at this level is thin and partly made up of other citizenship buyers, so if the program's terms move, your exit moves with them.