Bangkok (Thailand) – November 11, 2019 (travelindex) – The newly established Pragma Hospitality Co., Ltd has signed a management agreement with the Eco Inn Hotel Group to jointly manage an existing portfolio of 6 hotels.

Pragma Hospitality will operate the hotels using modern technologies and processes, implemented by an experienced management team to maximize operating profits for the owner. The signing of the management contract is a significant milestone for Pragma Hospitality and secures the young company a strong position in the hotel management sector.

The Eco Inn Hotel Group comprises six hotels strategically located in smaller towns across Thailand. It caters to the rapidly growing number of domestic and international travelers seeking to experience the beauty of the country beyond the typical tourist hotspots. Founded in 2010 by Suporn Thammaraks and close friends, the Eco Inn Group recognized the need for simple, affordable hotels throughout the country to boost domestic tourism and make hotel stays accessible to everyone. The hotels are located in the provinces of Trang, Nakhon Si Thammarat, Chanthaburi, Ubon Ratchathani, and Mae Sot.

The Eco Inn Hotel Group has been successfully operating these hotels for several years and welcomes Pragma Hospitality's management expertise. This will allow the group to focus on developing further hotels in Thailand. Pragma Hospitality will ensure the Eco Inn brand's success in the budget hotel segment and its ability to compete with larger brands in less desirable locations. Furthermore, the company will support the development of a scalable hotel portfolio with a strong regional presence.

“The signing of the hotel management contract for the Eco Inn Hotel Group is an exciting milestone for our company, which was founded with the idea of ​​revolutionizing and changing the world of hotel management,” commented Alexander Wallace, CEO of Pragma Hospitality.

“As a lean company without a brand focus, we can concentrate on what is important to the owners: performance and communication. We see the Eco Inn brand as an excellent model with scaling potential and are therefore working closely with the owner to efficiently expand the brand and become a key player in the Thai budget hotel segment,” he continued.

“I am delighted to be working with Pragma Hospitality to manage our hotels, which have occupied me and my friends for many years. As markets and business processes are constantly changing, we needed a management team with vision and expertise in the hotel industry. We have complete confidence in the professional team at Pragma Hospitality and look forward to future collaboration,” commented Suporn Thammaraks, Managing Director of the Eco Inn Hotel Group.

About Pragma Hospitality: Pragma Hospitality Co., Ltd. was founded by a team of industry experts who recognized the need for fundamental changes in the structuring and implementation of hotel management contracts – an area that has barely changed in the last 50 years. Management companies have traditionally bound hotel owners to long and complicated contracts that are rarely in their best interest. This can lead to many key factors for successful hotel operations being neglected simply because they do not directly benefit the operator.

Because Pragma Hospitality focuses on relationships with hotel owners, hotel operations, financial control, and hotel sales, it can offer simpler hotel management contracts with shorter terms and easier termination, without brand standards. This gives hotel owners significantly better control over their hotel while ensuring that the management company's activities maximize benefits for both parties.

For inquiries, please contact: Pragma Hospitality Co., Ltd., Mr. Kitisak Sawaddichai, Vice President Development, +66 98 267 4747, [email protected]