French hotels group Accor SA said Tuesday it would become the first Western group to manage a hotel in Iran since the country signed a nuclear deal with world powers, as it looks to tap into a growing number of business travelers to the country.

AccorHotels will open an ibis hotel and a Novotel branch close to Tehran’s international airport in October, the company said, giving the budget-to-luxury lodgings company a foothold in a country of roughly 80 million inhabitants which is one of the world’s largest untapped tourist destinations.

The contracts are due to be signed on Tuesday in Tehran by AccorHotels’ Chief Executive Sébastien Bazin and representatives of Iranian company Aria Ziggurat, which owns the buildings.