Deal for 100 hotels over 10 years addresses need for budget
supply in the Kingdom.
RIYADH – As the Kingdom of Saudi Arabia and India vie for
the title of hottest hotel development market in the world comes word that Wyndham
Hotels & Resorts has entered into an exclusive development agreement with Saudi
hotel operator and developer Le Park Concord Co. to launch develop 100 Super 8
by Wyndham hotels in the Kingdom over the next 10 years.
As part of the deal, the first Super 8 hotel is expected to
debut in 2026. Future locations are planned along the Kingdom’s major highways
and in key urban and transit hubs, including Riyadh, Jeddah, Makkah, Madinah,
Al Khobar/Dammam, and surrounding areas. Many properties will feature modular
construction and eco-conscious designs.

From left: Govind Mundra; Dimitris Manikis, Wyndham; Fiaz Talal Alenezi, Le Park Concord Co,; Mohamad Haj Hassan, Wyndham; and Ehab Abu Isba, Le Park Concord Co.
Le Park Concord currently managing more than 900 rooms
across 13 properties with an additional 13 hotels under development, expected
to add more than 2,000 rooms to the company’s growing portfolio.
"Bringing Super 8 to Saudi Arabia is a strategic move
to make quality, affordable travel more accessible,” said Dimitris Manikis, president,
EMEA, Wyndham Hotels & Resorts. “As tourism accelerates and millions of
travelers visit the country each year, the demand for dependable,
budget-friendly accommodation continues to grow, whether you are travelling for
business or leisure. Our collaboration with Le Park Concord allows us to meet
that need.”
According to Knight Frank, only 6% of the country’s hotel
pipeline is in the economy and midscale segments creating a significant supply
gap.
In 2024 alone, the Kingdom welcomed 30 million international
tourists, a 9.5% increase from the previous year, and according to Saudi
Arabia’s Ministry of Tourism, that number is expected to reach 150 million
annually by the end of the decade.
Just last month, Wyndham announced plans to introduce the
Super 8 brand to Spain and Portugal with 40 hotels slated to open across the
two countries over the next 10 years.