Culture
ROH Addresses Royal Orchid Sheraton Riverside Buyback Status
ROH has responded to Stock Exchange of Thailand inquiries regarding the delayed repurchase of the Royal Orchid Sheraton Riverside Hotel and a two-year debt extension for GRAND.
Royal Orchid Hotel (Thailand) PCL (ROH) has issued a formal response to the Stock Exchange of Thailand (SET) regarding concerns over its asset repurchase strategy. The company addressed questions concerning its failure to complete the buyback of the 'Royal Orchid Sheraton Riverside Hotel' by the July 14, 2026, deadline, as well as the decision to grant a two-year debt repayment extension to GRAND.
According to Prachachat Business, ROH maintains that its actions were conducted in good faith. The company clarified that it is currently in the process of finalizing the transaction, noting that financial partners are presently conducting due diligence.
For travelers and residents, this update provides clarity on the corporate status of the iconic riverside property. While the hotel continues its standard operations, the ongoing financial restructuring highlights the complex ownership and debt management landscape surrounding major hospitality assets in Bangkok.
What remains to be confirmed is the final timeline for the completion of the due diligence process and the subsequent execution of the asset repurchase. Stakeholders are awaiting further updates from ROH as they navigate these financial obligations. The situation underscores the importance of monitoring corporate developments for those interested in the stability of Thailand’s luxury hospitality sector.