Yaoundé - 26 January 2020 -

Hyatt Regency Hotel to build a 5-star hotel in Yaoundé

Hyatt Regency Hotel to build a 5-star hotel in Yaoundé
  • Comments   -   Friday, 06 September 2019 16:26

(Business in Cameroon) - American brand Hyatt Regency Hotel plans to build a 5-star hotel in Yaoundé. For that purpose, the Cameroonian company Glenview SA signed a 35-year lease, binding it with the government on September 5, 2019.  

Patrick Shey, head of Glenview, reveals that the Yaoundé Hyatt Regency hotel will require an investment of $150 million (close to XAF90 billion). It will be a 31-storey building with 300 high-standing rooms, 100 apartments for long stay, 9 conference rooms. The hotel whose construction period is 30 months will also have a heliport.

Cameroon is providing a secured property tax base (…) on which the hotel can be built,” Henry Eyebe Ayissi, minister of land affairs indicates. The more than 1-hectare land is about hundred meters from Lac Municipal.

Patrick Shey also announced the future construction of a Hyatt Regency hotel in Kribi. Cost of the construction is XAF45 billion.


In a briefing note signed on January 23, Louis Paul Motaze (photo), Cameroon’s Minister of Finance (Minfi), encouraged the business community to maintain...
During the cabinet meeting held January 23 in Yaoundé, the Minister of Finance, Louis Paul Motaze, produced an update on Cameroon's membership in...
Pamol Plantations PLC and Cameroon Development Corporation (CDC), the two agro-industrial units which have been paying the heaviest price for the ongoing...
In Cameroon, stock farmers of the Far-north just received 2,000 small ruminants in the framework of Prodel, an animal husbandry development programme...

Mags frontpage

Business in Cameroon n82-83: December 2019-January 2020

CFA: The debate is open in the CEMAC

Cameroon becomes CEMAC’s financial center

Investir au Cameroun n92-93: Decembre 2019-Janvier 2020

Franc CFA : le débat est ouvert en zone CEMAC

Le Cameroun devient la place financière de la CEMAC