ROH Confirms Right to Repurchase Hotel Not Expired After Extending GRAND Debt and Signing New Fund of 4.873 Billion Baht

Corporate Action
โดย InfoQuest·TH·Read original
Summary · why it matters

Royal Orchid Hotel (Thailand) Public Company Limited, or ROH, has clarified to the Securities and Exchange Commission regarding the debt extension granted to GRAND and confirmed that its right to repurchase the property of the Royal Orchid Sheraton Riverside Hotel Bangkok has not expired. The ROH board has resolved to extend the repayment period of a 4 billion baht loan to GRAND, its 97% major shareholder, by another two years, as GRAND faces liquidity issues and accelerating debt enforcement would not secure funds in time for the repurchase deadline of July 14, 2026. Meanwhile, ROH stated that sending an authorized representative to the land office on that date was to clarify objections and reserve rights, after MFC, as trustee, adjusted the payment method via BAHTNET, which did not comply with the agreement. Most recently, on August 14, 2026, ROH signed a preliminary agreement with a new financial partner, an experienced fund, to support capital for the property repurchase, and has sent letters to MFC and Wann Asset Management to confirm readiness to exercise the repurchase right at a price of 4.873 billion baht. The hotel continues to operate normally.

Impact on stocks 1

Financials▼ · 1 stocks

Off-coverage companies 3

Royal Orchid Hotel (Thailand) PCLPrivate▲ Positive
Capitalrelevance

ROH secures new funding and confirms repurchase right, supporting its asset recovery.

Grande Asset Hotels and Property PCLPrivate▼ Negative
Capitalrelevance

GRAND's debt extension and liquidity issues may impact its financial position and relationship with ROH.

ONE Asset Management Ltd. (formerly Wanna Asset Management, บลจ.วรรณ)Private▼ Negative
Regulationrelevance

ROH sends letters to Wann Asset Management to confirm readiness, indicating potential legal dispute.

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