Reports indicate that the capital of Cameroon, Yaoundé, will soon have a complex built there thanks to the Radisson Blu hotel chain.
This project will get funding from the U.S. International Development Finance Corporation, valued at CFA37 billion.
However, Cameroonians were given the chance to join the project as partners by buying an apartment or studio through the local project carrier, BrightView Bethesda SA.
A studio will cost at least CFA205 million for its 34 square metres, whilst an apartment would cost at least CFA255 million for its 44 square metres.
“The partnership will guarantee housing owners regular cash flow. The purchased apartments will be rented out and will allow the owners to automatically receive an average monthly income,” the company said, stressing that the Radisson Serviced Apartment Yaoundé will be open by 2025.
The Presidential Palace, the U.S. Embassy, and the Yaoundé-Nsimalen Airport are all within 5 kilometres of the new 5-star Radisson Serviced Apartment Yaoundé. 220 apartments, including studios, one-bedroom flats, and accessible apartments, will be housed in the upmarket complex.
Let’s not forget that the Radisson Blu Hotel & Apartments Douala is also being built in Douala. It is slated to debut in 2023’s first quarter.
“We are delighted to accelerate our expansion in Cameroon with the addition of the Radisson Serviced Apartments Yaoundé to our growing portfolio in Africa,” said Ernan Garnier, senior director of development Africa, Radisson Hotel Group.
“The introduction of our award-winning high-class Radisson brand in the country will further strengthen our presence in Central Africa. Our goal by 2025 is to double our presence in Cameroon with at least four properties, including Yaoundé and Douala.”