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 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.

Partnership Announcement
- Signed on May 12, 2026 at the Africa Forward Summit in Nairobi.
- Accor (global hospitality leader) + Shoreline Group (Pan-African energy & infrastructure investor).
- Aim: Establish Nigeria’s first national hotel platform.

Investment & Scope
- Shoreline committing USD 300 million.
- Plan to develop 10 hotels across 8 cities with 1,200+ rooms by 2030.
- Properties will span midscale to luxury, catering to diverse travelers.

Talent Development
- Creation of a dedicated Accor Hospitality Academy in Nigeria.
- Will train local talent, create ~1,000 direct jobs, and sustain international standards.

Leadership Voices
- Sébastien Bazin (Accor CEO): Partnership unlocks Nigeria’s hospitality potential, combining Shoreline’s local expertise with Accor’s global portfolio. Academy is key to long-term commitment.
- Kola Karim (Shoreline Chairman): Hospitality infrastructure is vital for Nigeria’s growth. The academy ensures talent development alongside physical hotels.

Accor in Africa & Nigeria
- Present in Africa for 40+ years.
- Operates 170+ hotels, 34,900 rooms in 20+ countries.
- In Nigeria: 4 hotels (654 rooms), with 5 more in pipeline (755 rooms).

Strategic Importance
- Strengthens Nigeria’s tourism infrastructure.
- Supports economic activity, local capability, and national growth.
- Positions Accor as a leading employer and educator in West Africa.

This move is a major milestone in African hospitality development, blending infrastructure investment with workforce training.