GROREIT prepares Royal Orchid sale after ROH buy-back lapse

GROREIT prepares Royal Orchid sale after ROH buy-back lapse 03.08.2026

Grande Royal Orchid Hospitality Real Estate Investment Trust (GROREIT) is moving forward with the sale of the Royal Orchid Sheraton Hotel & Towers after Royal Orchid Hotel (Thailand) Public Company Limited (ROH) failed to complete a contractual buy-back by July 14, 2026. The buy-back price was set at 4.873 billion baht, excluding VAT, based on the trust's internal rate of return. ONE Asset Management Limited, the trust manager, and MFC Asset Management Public Company Limited, the trustee, have instructed ROH to return the property within 30 days, with the deadline falling in mid-August. The trust has warned it may pursue legal remedies to protect unitholders' interests.

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