One of the less developed islands in the Caribbean and with a shortage of high-quality property, Grenada is a wise choice as a property investment destination. With tourism thriving on nearby islands, the Grenadian government are now turning their attention to promoting tourism on their own piece of paradise. Benefits such as tax exemptions and customs concessions for investors in tourism are being implemented, and substantial infrastructure improvements are taking place. As a result, the World Travel and Tourism Council has predicted tourism growth of 5.5% per year between 2006 and 2015, far above the average for the Caribbean as a whole.

Location

Renowned for its picturesque, mountainous interior of rainforests and waterfalls and its coastline of protected bays and secluded beaches, Grenada is the last undiscovered jewel of the Caribbean. As one of the few islands which has remained unspoilt by tourism, Grenada, offers a rare opportunity to enjoy the real soul of the region, with colourful clothing, aromatic Creole cooking, vibrant calypso music and tranquil palm-fringed beaches.

The Properties

With 41 acres of tropical gardens, a 200m white sand beach and a secluded bay, the Bacolet Bay Resort and Spa will offer endless opportunities for leisure and relaxation in an exclusive, luxury setting. The resort itself will be low-density with residential areas nestling amongst tropical forests, whilst the hotel & spa will provide state-of-the-art leisure facilities and the highest quality restaurants and bars.

All owners will have full access to the spa, fitness and sports centres and to the beachfront bars and restaurants which will offer the finest cuisine from local Creole cooking and Caribbean cocktails to international 5-star A La Carte and fine wines.

Currently there are only a handful of 5-star hotels and resorts on Grenada. Occupancy rates stand at 89% during the peak season, whilst a conservative estimate for future occupancy rates over the year is 65%. This means that the smallest hotel room has the potential to generate up to $93k per annum, and Bacolet Bay is set to join the high end of the market.