Hamilton to invest $20m in Grenada

Sat, 5 July 2008, 12:25

Lewis Hamilton is on the verge of investing millions of dollars in Grenada, the country of his father’s ancestry.

The Daily Telegraph reports that the McLaren driver is set to pump $20 million into a luxury beachside hotel development, and is in secret talks with prime minister Keith Mitchell about acquiring adjoining lands.

The newspaper said Grenada, a Caribbean island, is encouraging Hamilton and his father’s investment by offering significant tax breaks.

“In the Caribbean, we might not fully understand the popularity of formula one but, as Lewis Hamilton’s winning ways continue, Grenada’s international popularity will grow in leaps and bounds,” PM Mitchell said.

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