Thursday, November 21, 2024

Range to build two luxury five star resorts in Grenada for $130 million

Range developments one of the premier hotel developments in the Caribbean will be undertaking two major luxury hotel developments in St. David, eastern Grenada for $130 million, was announced by Grenada Government GIS.

 

It will feature two luxury 5-star resorts, oceanfront villas, spas, retail and water-sports’ facilities.  The master-planned development is planned on one of the best locations in the Caribbean, just 15 minutes’ drive from Grenada’s airport.

 

The hotel project, once started, will create more than 600 jobs during construction and many more during operations.

 

Investors will be able to participate in the project, under the  Grenada Citizenship by Investment programme (CBI).

 

Grenada’s Prime Minister, Dr. the Right Honourable Keith Mitchell: “We are extremely delighted to welcome such an experienced hospitality developer to Grenada. Range Developments is well known for the high quality of its hotels and for the ability to deliver results in our region. Our Government’s policy is to bring investment and sustainable jobs to the country, and our partnership with Range Developments is irrefutable proof to this. What’s more telling is that this project will be based in a rural part of the country, St. David; showing our commitment to ensuring that every part of our Tri-Island State is developed.”

 

The hotel project, once started, will create more than 600 jobs during construction and many more during operations.

 

“We have been very impressed by the welcome and the opportunities in Grenada. The government is committed to a thorough and transparent citizenship program. We look forward to working together on this exciting project.” said Mohammed Asaria, Managing Director and Member of the Board of Range Developments.

 

About Range Developments

 

Range Developments is an international property developer focusing on high-end hotel resorts in the Caribbean that are well-designed, sustainable and desirable.

 

Its flagship project, Park Hyatt St. Kitts, has been opened to guests since November 1, 2017. This luxury resort has received multiple awards and has been widely recognized in the international media. CNN has singled it out as “the Best Hotel in the Caribbean” with Forbes naming it “a grand Caribbean debut that was well worth the wait.” It has been included in Condé Nast Traveler’s 2018 hot list “Best New Hotels in the world.”

 

Range has a number of other developments in the region. The Cabrits Resort & Spa Kempinski, Dominica is the first government approved real estate project in Dominica under the country’s Citizenship-by-Investment Program. The hotel is scheduled to open in Q4 2019. It was recently named “the most exciting new Caribbean property set to open in 2019” by Forbes magazine.

 

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment News. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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