Economy
Dispute Over Royal Orchid Sheraton Sale Intensifies
Royal Orchid Hotel (ROH) is challenging the planned auction of the Royal Orchid Sheraton Hotel, asserting that its buyback rights remain valid.
According to a report by Prachachat Business, Royal Orchid Hotel (ROH) has formally opposed the proposed auction of the Royal Orchid Sheraton Hotel. The company maintains that its contractual right to repurchase the property has not expired, placing it in direct disagreement with the management of the GROREIT trust and the trustee.
ROH has announced that it is currently consulting with legal advisors to protect its interests regarding the property. This dispute centers on the future ownership and operational status of the landmark hotel. For residents and travelers, this situation creates uncertainty regarding the long-term management and potential rebranding of the hotel, as the outcome could significantly alter its current business structure.
The situation is expected to reach a critical juncture on October 28, 2026, when trust unit holders are scheduled to vote on the proposed sale plan. Until this vote takes place, the final status of the auction remains unconfirmed. Stakeholders and observers are closely monitoring the upcoming meeting to see if the sale proceeds as planned or if the legal challenges raised by ROH will force a delay or a change in strategy. Further developments will depend on the outcome of the unit holders' vote and any subsequent legal actions taken by the involved parties.
