French hotel firm Accor, which has approximately 5,800 hotels around the world, has signed a letter of intent with Lagos-based firm Shoreline Group to establish “Nigeria’s first national hotel platform,” according to a news release.
Shoreline Group, which has interests across African in energy and infrastructure, will contribute approximately $300 million to the initiative, which will include a hotel and hospitality training academy.
By 2030, the deal will open 10 hotels with a total of 1,200 rooms in eight Nigerian cities. The hotels will be positioned from the midscale to luxury segments and create approximately 1,000 jobs.
Accor currently has four hotels and 654 rooms open in Nigeria and five hotels and 755 rooms in its development pipeline separate from the Shoreline Group deal.
Across all of Africa, including opened hotels in Nigeria, Accor has approximately 170 hotels and 34,900 rooms in 17 brands and 21 countries.
Accor Chairman and CEO Sébastien Bazin said in the news release that 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.”
Shoreline Group Chairman Kola Karim said in a statement that Nigeria needs more quality hotels.
“We anticipate hospitality infrastructure becoming increasingly vital for capital movement and development, particularly in Nigeria where high-quality room supply is underserved. … This investment aligns with Shoreline’s broader focus on strategic assets in energy, infrastructure and industrial development. We view hospitality as a natural extension,” he added.
Accor and Shoreline Group signed the deal during the recent Africa Forward Summit 2026 in Nairobi.