Kola Karim Signs $300M Hotel Deal with Accor in Kenya

Kola Karim, the billionaire businessman and chairman of Shoreline Group, has gained international recognition as a prominent Nigerian investor. Recently, during the Africa Forward Summit 2026 in Nairobi, Kenya, Shoreline Group signed a significant letter of intent with Accor, one of the world's leading hospitality groups.

This partnership aims to establish Nigeria's first national hotel platform with an ambitious investment of $300 million. The project plans to develop a network of 10 hotels across eight Nigerian cities, delivering 1,200 rooms by 2030.

The hotels will cater to various market segments, ranging from midscale to ultra-luxury accommodations, positioning Nigeria as a competitive destination for business and leisure travel. Additionally, the initiative is expected to create 1,000 direct jobs and includes the establishment of a dedicated hospitality academy to train local talent and raise service standards within the sector.

Bastien Bazin, chairman and CEO of Accor, described the collaboration as a strategic commitment to Nigeria's future and the untapped opportunities within its hospitality sector.