Accor & Shoreline Group Redefine Nigeria’s Hospitality Future
1,000 jobs, 10 hotels, 1,200 new rooms and the $300M deal partnership to build Nigeria’s first national hotel platform
Nairobi, Kenya — In a landmark move for West African tourism, global hospitality giant Accor and Pan-African investment firm Shoreline Group have signed a Letter of Intent (LOI) to establish Nigeria’s first national hotel platform. The agreement, finalized during the Africa Forward Summit 2026 in Nairobi, commits $300 million in investment from Shoreline to develop a network of 10 hotels across eight Nigerian cities by 2030.
The partnership aims to address a critical shortage of high-quality accommodation in Nigeria by adding over 1,200 rooms to the country’s inventory. The development will span multiple market segments, from midscale to luxury, targeting both business and leisure travelers.
Building Infrastructure and Local Talent
Beyond physical construction, the initiative places a strong emphasis on human capital development. The agreement includes the creation of a dedicated Accor Academy, a hospitality training institution designed to nurture local talent.
“The hospitality academy is crucial, alongside physical hotels, for developing local talent to sustain international standards,” said Mr. Kola Karim, Chairman of Shoreline Group.
The project is expected to generate approximately 1,000 direct jobs, positioning the new platform as a significant contributor to Nigeria’s economic growth and tourism infrastructure.
Strategic Vision
Mr. Sébastien Bazin, Chairman and CEO of Accor, highlighted the strategic importance of the deal. “We are thrilled to partner with Shoreline Group to unlock the immense potential of Nigeria’s hospitality sector,” Bazin stated. “By combining Shoreline’s deep understanding of the local market with Accor’s global expertise, we are poised to create an unparalleled hospitality offering.”
Karim described hospitality as a “natural extension” of Shoreline’s core focus on energy and industrial development, calling it “real infrastructure supporting economic activity.”
Current Landscape
Accor has been present in Africa for over 40 years, currently operating more than 170 hotels across 20 countries. In Nigeria specifically, the group currently manages four hotels with 654 rooms, with five more in the pipeline. This new national platform represents a massive scale-up, aiming to nearly triple Accor’s current room capacity in the country by the end of the decade.
