Grenada plans $2.4bn visa resort to be ready by 2027

The Grenada National Resort, the single largest investment on the island and one of the most significant hospitality developments in the Caribbean, is scheduled to open next year.

The development is reshaping how African investors engage with global capital markets. Optiva Capital Partners has confirmed that the Grenada National Resort, valued at $2.4 billion and carrying the full backing of the Grenadian government, represents far more than a hotel because it is a government-approved pathway to Grenadian citizenship, offering holders visa-free access to more than 140 countries, among them the United Kingdom, China, and the major business centres of Europe.

Attending the inauguration ceremony were stakeholders that included Grenada’s Prime Minister Dickon Mitchell, Chairman of Investment Migration Grenada Richard Duncan, government officials, international investors, project developers and representatives of Wyndham, the world’s largest hotel chain.

Optiva Capital Partners Chairman Franklin Nechi said: “What used to be a Plan B for travel has become a strategic plan for health, education, wealth, and security. In today’s world, mobility is power and access is wealth.”