GROREIT Unitholders Reject 4.87 Billion Baht Royal Orchid Sheraton Buyback Deal
Unitholders of the Growth Hotel Freehold and Leasehold Real Estate Investment Trust (GROREIT) have voted against a proposal for Royal Orchid Hotel (ROH) to repurchase the Royal Orchid Sheraton Hotel.
According to a report by Matichon Online on October 28, 2026, unitholders of the Growth Hotel Freehold and Leasehold Real Estate Investment Trust (GROREIT) have officially rejected a significant transaction proposal. The deal, valued at 4.873 billion baht, would have allowed Royal Orchid Hotel (ROH) to buy back the Royal Orchid Sheraton Hotel property.
For residents and frequent visitors to Bangkok, this decision maintains the current ownership structure of the iconic riverside hotel. While the vote prevents the proposed asset transfer, it does not immediately impact the daily operations or guest services at the Royal Orchid Sheraton. The hotel continues to function under its existing management and branding.
This rejection highlights a moment of strategic uncertainty regarding the future of the property's ownership. It remains to be confirmed whether ROH will propose an alternative financial arrangement or if the trust will seek other avenues for asset management. Stakeholders and those interested in the local hospitality real estate market should monitor future disclosures from the trust for updates on potential restructuring or new acquisition proposals. As of now, the status quo remains in effect for the property.
