ROH Challenges Sale of Royal Orchid Sheraton Hotel

Royal Orchid Hotel (ROH) has formally notified the Stock Exchange of Thailand regarding its ongoing dispute over the Royal Orchid Sheraton Hotel. Despite a recent vote by the Grand Royal Orchid Hospitality Real Estate Investment Trust (GROREIT) to sell the property to a third party, ROH maintains that it holds valid buyback rights under its existing contract. The company has declared its intention to pursue the matter through the legal system to the fullest extent possible. According to Prachachat Business, ROH has clarified that there is currently no set timeline for the transfer of the property, nor has the company ceased recognizing revenue from the hotel's operations. For residents and travelers, this situation highlights a period of uncertainty regarding the long-term ownership and management of the iconic riverside property. While the hotel continues to operate as usual, the legal battle suggests potential shifts in the establishment's future direction. Key details that remain to be confirmed include the specific timeline for the court proceedings and whether the sale process will be suspended pending a judicial decision. Stakeholders are advised to monitor official disclosures from both ROH and GROREIT for updates on the property's status.