Nation Thailand
Royal Orchid Sheraton sale paused by interim court order
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An interim court order has suspended the sale of Royal Orchid Sheraton Hotel & Towers assets, with trust manager One Asset Management Limited indicating that capital repayments and returns to unitholders will be delayed. The South Bangkok Civil Court
Key facts
- Royal Orchid Hotel (Thailand) Public Company Limited (ROH), which applied for the injunction on November 9, must deposit 4.873 billion baht as security within seven days
- MFC Asset Management Public Company Limited, acting as GROREIT’s trustee, signed the sale and purchase agreement with Orchid Hospitality on October 30, 2026
- GROREIT pursued a sale after One Asset Management, the trust manager, said Royal Orchid Hotel (Thailand) (ROH) had not completed its contractual buy-back by July 14, 2026
- Thailand ranks 43rd of 70 economies in IMD’s 2026 digital and AI ranking
Summary
Royal Orchid Hotel (Thailand) Public Company Limited (ROH), which applied for the injunction on November 9, must deposit 4.873 billion baht as security within seven days. The court order will lapse if ROH fails to provide the security within that period.
Alongkorn Prathanrasnikorn, chief property and trust officer at One Asset Management, outlined the development in a filing to the Stock Exchange of Thailand. One Asset Management manages the Grande Royal Orchid Hospitality Real Estate Investment Trust with Buy-Back Condition (GROREIT).