Studio Residence, Hilton Condo Residences, Grenada
A studio residence in a hotel-branded condominium under construction on Grenada's south coast, near St George's, sold freehold. Nothing is built yet — every image here is a developer rendering, so what you are buying is a contract to receive a finished unit, not the unit itself. It suits a buyer who wants a small, professionally managed Caribbean asset used a few weeks a year, and who is often looking at Grenada's citizenship program.
What you actually own
My record for this unit is freehold — registered title to a defined apartment, not a share in the company that owns the building. That distinction matters, because Grenadian hotel projects routinely sell both side by side, and only one instrument may be the route the citizenship program recognises. I want the purchase agreement to name which you are acquiring, and confirmation in writing that it qualifies.
Two things more before signing. The brand on the building is a commercial agreement with a term, not something attached to your deed — ask what happens if it lapses. And ask for the contractual long-stop completion date, the remedy if it is missed, and whether deposits sit in independent escrow or in the developer's working capital.
What it costs to buy and to sell
Grenada's Inland Revenue no longer publishes its rates, so treat these as a checklist for a Grenadian attorney acting for you, not a quotation.
- A non-national buyer ordinarily needs an Alien Landholding Licence, commonly quoted at 10% of the purchase price. Whether a citizenship-approved project is exempt must be confirmed in writing — nothing else moves your total cost as much.
- Legal fees run 1–2% of the price, plus VAT.
- Stamp duty is payable. Published rates differ by multiples of one another, so have it quoted for this transaction specifically.
- On exit, property transfer tax falls on the seller: published at 15% for a non-national vendor against 5% for a national.
- Rental income paid to a non-resident is generally subject to 15% withholding at source.
This property qualifies for the Grenada Citizenship by Investment program.
More in Grenada.
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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 Studio Residence, 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 will it cost to hold each year?
I have not found a published service charge budget for these residences, and Grenada's annual property tax rates as published disagree with one another — a condominium operating inside a working hotel may not be assessed as plain residential. Ask for the service charge budget per square foot and the formula allocating hotel-shared costs to residential owners. Add hurricane-belt insurance, where the deductible and named-storm terms matter more than the premium.
Can I rent it out?
Only through the hotel's rental program — the operator sets the rates and controls occupancy, not you. Read the management agreement before any deposit: whether your share is of gross room revenue or of net operating income, what is deducted first, the FF&E reserve, and how many owner nights you get and which dates are blacked out. I will not quote a yield, because the projections in circulation were written by the seller for a hotel that has not opened.
Does it qualify for Grenadian citizenship?
Under S.R.O. 15 of 2024 the real-estate route requires US$350,000 from a sole applicant, or US$270,000 per share on a joint purchase totalling US$540,000 or more, and this price clears the sole-applicant threshold. Clearing a threshold is not the same as qualifying: where a project offers both a freehold residence and a share in the hotel-owning company, only one may be the recognised route, so have it named in the purchase agreement and confirmed by a licensed local agent before a deposit moves. If you are a US citizen or green-card holder, a second citizenship changes nothing about your US position — the United States taxes its citizens on worldwide income regardless.
What is the catch?
Completion risk and the exit. You are paying now for a building that does not exist, and Grenada requires the qualifying investment to be held at least five years from the grant of citizenship — combined with a non-national transfer tax at three times the national rate and a thin resale market for branded resort studios, the realistic hold is longer than five years, not shorter. Your most likely buyer is the next citizenship applicant, so your exit price is anchored to whatever the program's rules look like then, not now.