A global hotelier luxury brand marks its territory on the idyllic La Sagesse beach, offering investors favorable returns, a stable investment with an exit strategy and the opportunity to enjoy global mobility through a Grenadian passport.
Six Senses Resort La Sagesse Grenada
The “Isle of Spice” is due to have another landmark project on its idyllic coastline dotted with palm trees, turquoise waters and luscious greenery – Grenada is truly a paradise island that keeps drawing evermore tourists year on year. In fact, according to the Caribbean Tourism Organization approximately 500,000 tourists came to Grenada to enjoy its natural beauty.
The developers behind this project are a high-end and reputable developer in the Caribbean, namely Range Developers.
They are the company behind the Park Hyatt St Kitts and have been working on the first Kempinski project in the region – the Cabrits Resort. They are now developing The Six Senses La Sagesse on one of the most idyllic beaches in Grenada, offering an indulgent luxury spa experience that reinvigorates and relaxes guests.
https://www.rangedevelopments.com/?wvideo=bqquvi10jm
Six Senses has recently been acquired by IHG® (InterContinental Hotels Group) a global organization including over 5,500 hotels globally under widely known names such as the InterContinental® Hotels & Resorts, Crowne Plaza® Hotels & Resorts and Holiday Inn®.
It has over 1,800 hotels in development, such as Six Senses La Sagesse Grenada. Six Senses was only recently acquired by the conglomerate in February 2019 when IHG purchased the company from private equity fund Pegasus Capital Advisors for US$ 300 Million. It is expected that over the next decade there will be over 60 new Six Senses resorts built.
Read more: Grenada’s Citizenship by Investment Reduces Minimum Investment Required
Access to the World with a Grenadian Passport
Importantly, by investing in this latest project, investors can benefit from Grenada’s Citizenship Investment Programme. This allows Grenadian passport holders to enter visa free (or visa upon entry) to over 130 countries including quite uniquely China, the Schengen countries, Singapore and the UK amongst many others.
In order to apply for a Grenada Passport, applicants can either invest US$ 300,000 in approved real estate projects such as The Six Senses La Sagesse development and hold this investment for 5 years. An approved project’ is defined under Section 3 of the Grenada Citizenship by Investment Act, 2013 as “a project that is approved by the Minister following the review and recommendation of the Citizenship by Investment Committee.”
Upon the completion of the holding period, the investor can exit this investment without any detriment to their Grenadian Citizenship which, subject to due diligence and approvals should be granted 3 to 6 months after applications are submitted. The investor may then enjoy capital gains and returns from his/her investment as well as the lifetime benefit of this passport. Applicants can include their dependents and once granted, this can be passed from one generation to the next. Alternatively, investors can contribute a donation to the National Transformation Fund of US$ 200,000.
An additional unique benefit of the Grenada Citizenship (launched in 2013) is that it is a Treaty country, therefore Grenadians may apply to without having any detrimental US tax issues.
This new approved project is truly a unique investment opportunity for those investors seeking a reliable hotel industry investment, being developed by global hoteliers and high-end developers, offering a unique gateway to global mobility and favorable yields.
