GROREIT Trustee Sues Royal Orchid Sheraton for Breach of Contract Ahead of Shareholder Meeting
The Standard - 전체
Key summary
MFC Asset Management and BLJ Wann have filed a lawsuit against Royal Orchid Hotels (ROH) in the Bangkok South Civil Court regarding the breach of a lease and repurchase agreement for the Royal Orchid Sheraton Hotel and Towers. The dispute centers on ROH's failure to repurchase the asset or return possession after the contract expired on July 14, 2026. A shareholder meeting is scheduled for October 28, 2026, to decide among three options: selling back to ROH at 4,873 million baht, selling to Orchid Hospitality at 5,300 million baht, or conducting an auction with a minimum price of 4,951.40 million baht.
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Official source
The Standard - 전체
Read original ↗https://thestandard.co/groreit-wanam-lawsuit-roh-hotel-sale/