Two-Bedroom Residence, Hilton Condo Residences, Grenada
This is an apartment in a branded condominium on Grenada's south coast, near St George's, and it is not built: construction is in progress and every image here is a developer rendering, so what you buy today is a contract and a floor plan. It suits a citizenship applicant who would rather hold an asset than write the capital off to a government fund, and a buyer who wants a lock-and-leave base with a hotel operator on site.
What you actually own
Freehold means a deed in your name, not a share or a right to use. It covers your unit's interior plus an undivided interest in the common property, and the document that decides how much of the building's running cost lands on you is the strata declaration, not the brochure. On a pre-construction purchase it is often still in draft. Ask to read it.
No interior measurement is published here and I won't invent one. Get a measured floor plan and establish whether the stated area is internal only or includes terraces and wall thicknesses — usually the basis your service charge is apportioned against.
The brand is a management agreement between the operator and the owning company, for a defined term — not a covenant to you. Ask for the term and the termination provisions.
The cost of buying and holding it
Grenada's approved-project citizenship route (S.R.O. 15 of 2024) requires US$350,000 from a sole buyer, or US$270,000 per share where two or more buy jointly to a qualifying total of at least US$540,000, with at least 20% of the project's total construction cost already invested. On top of the investment sits a government contribution of US$50,000 covering the main applicant and up to three dependants, US$25,000 per additional dependant, and due diligence at US$5,000 per person.
On transfer tax, a non-citizen purchaser pays 10% under the Property Transfer Tax Act; where Cabinet has declared an approved tourism development, that becomes 5% on a first transfer and 2.5% on any subsequent one. Ask in writing whether this project holds that declaration, and get your alien landholding licence position confirmed for your unit before you commit.
This property qualifies for the Grenada Citizenship by Investment program.
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Interested in Two-Bedroom 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 does it cost to hold each year?
I don't have a service-charge budget, insurance quote or tax assessment for this unit that I'm willing to publish, and an invented number is worse than none. Before you commit, demand the line-item service-charge budget with its basis of apportionment, the reserve-fund contribution, the full-replacement insurance premium including named-storm cover and deductible, and the property tax assessment. In a branded condominium the service charge is normally the largest recurring line, and it tends to rise once the hotel stabilises.
Can I rent it out when I'm not there?
Usually through the operator's program, but ask for the rental management agreement itself rather than the summary: whether the split is struck on gross or net revenue, what comes off the top (channel commissions, marketing levy, FF&E reserve), how many owner nights you get and when, and whether letting through the operator is mandatory. I don't repeat developer occupancy and rate projections for a hotel that hasn't opened — I ask for the assumptions underneath and run the first three years at numbers you'd be comfortable being wrong about.
Does it qualify for Grenadian citizenship?
It is presented as qualifying, but that a project is citizenship-approved does not establish that this unit, at this price, in your holding structure, clears the S.R.O. 15 of 2024 threshold — get that confirmed in writing, along with the resale holding period, and re-confirm the project's approved status in the week you sign. The passport carried visa-free or visa-on-arrival access to 147 destinations on the 2026 Henley index. If you are American, a second citizenship does not change your US tax position: US citizens are taxed on worldwide income from all sources regardless, as I set out on second citizenship for Americans.
What is the catch on buying off-plan here?
Delivery slips in the Caribbean for ordinary reasons, so price a year's delay into your plan and check two contract terms: who holds your deposit and on what release conditions, and whether there is a long-stop date with a defined remedy rather than just a target completion. Renderings are marketing — the specification schedule annexed to the contract is what you can enforce. On exit, the buyer pool for a branded two-bedroom on a small island is thin and partly other citizenship applicants, and a non-national vendor pays 15% transfer tax (2.5% on a subsequent transfer in an approved tourism development), so model the exit at a discount to entry.