Stock Exchange of Thailand Demands Business Plan Clarification from Royal Orchid Hotel
The Stock Exchange of Thailand has requested Royal Orchid Hotel (ROH) to explain its future business strategy following the approved sale of its primary revenue-generating asset.
On October 29, 2026, the Stock Exchange of Thailand (SET) officially requested that Royal Orchid Hotel (Thailand) Public Company Limited (ROH) provide a detailed clarification regarding its business operations. This directive follows a decision made on October 28, 2026, by the unitholders of the Grand Royal Orchid Hospitality Real Estate Investment Trust (GROREIT), who voted to approve the sale of the Royal Orchid Sheraton Hotel and Towers to a third party.
The SET highlighted that this divestment is a significant event that directly impacts the financial standing and operational performance of ROH. Currently, the company relies almost exclusively on rental income generated from this specific hotel property. Consequently, the loss of this asset raises questions regarding the company's future revenue streams and long-term business viability.
For residents and travelers, this development primarily concerns the corporate governance and financial stability of the entity managing the property. While the hotel continues to operate, the change in ownership and the subsequent impact on the parent company's financial health are critical factors to monitor. ROH is required to submit its formal explanation through the SET’s information disclosure system by November 4, 2026. Stakeholders are currently awaiting further details on how the company intends to restructure its business model in the absence of its primary income source.
