Grenada’s flagship Citizenship‑by‑Investment (CBI) development, the Grenada National Resort (GNR), is moving into its most visible phase as construction nears the structural top‑out of its hotel tower and a partnership with Wyndham Grand is confirmed. The project remains on track for a 2027 handover, with additional villa units and a championship‑standard golf course under development.
Hotel Construction Progress
- Hotel Tower 1: The 500‑suite tower has risen into its mid‑teens in floor count, with the main lobby structure now complete and the building approaching a structural top‑out.
- Casino Complex: Framing work is underway at ground level.
- On‑site Production: A dedicated facility continues to produce concrete blocks and precast drainage components to keep the build on schedule.
- Regulatory Oversight: Multi‑agency inspections by Grenada’s Investment Migration Agency (IMA), the Physical Development Authority (PDA), and the Grenada Industrial Development Corporation (GIDC) provide ongoing government review of the project’s progress.
Wyndham Grand Operating Agreement
- Brand Partnership: Wyndham Grand, the upscale flagship brand of Wyndham Hotels & Resorts, will operate the resort’s hotel once completed.
- Operational Benefits: The 500 ocean‑view suites will be integrated into Wyndham’s global reservations system and the Wyndham Rewards loyalty programme, enhancing occupancy prospects and providing a predictable guest pipeline.
- Public Confirmation: The agreement was highlighted at the resort’s topping‑out ceremony, attended by Grenada’s Prime Minister, IMA officials, developers, and international investors, signalling confidence from both government and the hotel brand.
Robert Trent Jones II Championship Golf Course
- Design: An 18‑hole, championship‑standard layout by Robert Trent Jones II, the first of its kind in Grenada.
- Construction: Current work includes earth‑moving, rough shaping, and stone retaining walls to manage the course’s varied elevation.
- Terrain: The routing exploits Levera’s jungle ridgelines, valley bowls, and seaside bluffs, offering Caribbean Sea views from nearly every hole, including a beachfront finish.
Expansion: 1,000 New Villas
- Scope: The developer announced an additional 1,000 villas to be built around the golf course, expanding the resort’s residential component beyond the existing hotel, apartment, and villa offerings.
- Investor Impact: The new villas provide a broader entry point for investors seeking a qualifying real‑estate investment linked to Grenadian citizenship.
Implications for Citizenship‑by‑Investment
Grenada National Resort is an approved CBI project, allowing qualifying investors and their families to obtain a Grenadian passport within 4–6 months. Key features of Grenada’s CBI programme include:
- Visa‑free or visa‑on‑arrival access to more than 140 countries, including the United Kingdom, the Schengen Area, and China.
- No residency requirement before, during, or after the application process.
- Multi‑generational coverage, permitting spouses, children, and, in some cases, parents and grandparents to be included on a single application.
- Eligibility for the U.S. E‑2 Investor Visa, a benefit not offered by other Caribbean CBI programmes.
- A tax‑neutral environment with no personal income tax, capital gains tax, or inheritance tax.
As construction advances toward the 2027 handover and the villa expansion widens investment options, the window to secure a position in this high‑profile CBI development remains open, though allocations at each price tier are limited as the project nears completion.
Source article: knightsbridge.ae
