Accor and Shoreline Group sign Letter of Intent to develop Nigeria’s first national hotel platform

Accor, a world-leading hospitality group, and Shoreline Group, a Pan-African Energy and Infrastructure Investment group today announced the signing of a Letter of Intent (LOI) to establish Nigeria’s first national hotel platform. The signing took place during the Africa Forward Summit 2026 hosted jointly by Kenya and France in Nairobi.

This ambitious partnership is set to make a significant contribution to the evolving Nigerian hospitality landscape with a substantial investment from Shoreline of USD 300 million, leveraging Accor’s renowned brand portfolio and expertise.

The strategic collaboration aims to develop a hotel network across Nigeria, encompassing 10 hotels across eight cities and over 1,200 rooms by 2030. These properties will span various segments, from midscale to luxury, catering to diverse travelers and contributing significantly to the nation’s tourism growth. The project also includes the establishment of a dedicated hospitality training Academy to nurture local talent and create approximately 1,000 direct jobs.

Mr. Sébastien Bazin, Chairman and CEO of Accor, stated: “We are thrilled to partner with Shoreline Group to unlock the immense potential of Nigeria’s hospitality sector. This partnership is a testament to our belief in Nigeria’s dynamic future. By combining Shoreline’s deep understanding of the local market with Accor’s global expertise and diverse brand portfolio, we are poised to create an unparalleled hospitality offering that will set new benchmarks for quality and service. Crucially, the establishment of the Accor Academy is integral to this vision, enabling us to deliver immediate talent development for the Shoreline hotel portfolio, demonstrate our long-term commitment to Nigeria through dedicated training facilities, and solidify Accor’s position as the employer and educator of choice in West Africa.”

Mr. Kola Karim, Chairman of Shoreline Group, commented: “This partnership is central to Shoreline’s strategy of building institutional-quality infrastructure platforms across Africa. We anticipate hospitality infrastructure becoming increasingly vital for capital movement and development, particularly in Nigeria where high-quality room supply is underserved. Our choice to partner with Accor highlights our focus on operational excellence and long-term value. The hospitality academy is crucial, alongside physical hotels, for developing local talent to sustain international standards. It will support our portfolio and enhance Nigeria’s hospitality workforce. This investment aligns with Shoreline’s broader focus on strategic assets in energy, infrastructure, and industrial development. We view hospitality as a natural extension: real infrastructure supporting economic activity, local capability, and national growth.”

Accor in Africa & Nigeria: Present in Africa for over 40 years, Accor is a leading operator of international brands, with 17 brands representing +170 hotels, +34,900 rooms in +20 countries. In Nigeria, Accor currently operates 4 hotels with 654 rooms and has 5 hotels in the pipeline with 755 rooms.

ABOUT ACCOR

Accor is a world-leading hospitality Group offering stays and experiences across more than 110 countries with over 5,800 hotels and resorts, 10,000 bars & restaurants, wellness facilities and flexible workspaces. The Group has one of the industry’s most diverse hospitality ecosystems, encompassing more than 45 hotel brands from luxury to economy, as well as lifestyle, with Ennismore. ALL Accor, the booking platform and loyalty program embodies the Accor promise during and beyond the hotel stay and gives its members access to unique experiences. Accor is focused on driving positive action through business ethics, responsible tourism, environmental sustainability, community engagement, diversity, and inclusivity. Accor’s mission is reflected in the Group’s purpose: Pioneering the art of responsible hospitality, connecting cultures, with heartfelt care. Founded in 1967, Accor SA is headquartered in France. Included in the CAC 40 index, the Group is publicly listed on the Euronext Paris Stock Exchange (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACCYY) in the United States. 

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ABOUT SHORELINE GROUP

Headquartered in Monaco, Shoreline is a Pan-African Infrastructure and Energy investor with assets spanning energy, infrastructure, engineering and strategic industrial assets across the African continent. Through its operating companies and partnerships, Shoreline has established a diversified presence across multiple African markets. Shoreline combines long-term capital, technical execution capability and local market expertise to develop institutional-quality platforms in sectors critical to Africa’s economic growth and industrial development. The Group’s strategy is centred on building and owning scalable infrastructure and industrial businesses with enduring strategic relevance across the continent.