SET Orders ROH to Explain Business Plan After Hotel Sale
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The Stock Exchange of Thailand (SET) has ordered Royal Orchid Hotel (Thailand) PCL (ROH) to clarify its business plan following the sale of its luxury hotel, which affects the company's core revenue. On October 29, 2026, SET requested ROH to explain its business operations after the unitholders' meeting of the Grand Royal Orchid Hospitality Property Fund with a buyback agreement (GROREIT) on October 28, 2026, approved the sale of the Royal Orchid Sheraton Hotel and Towers project to a third party. SET stated that the asset disposal significantly impacts ROH's financial position and operating results, as the company currently derives rental income solely from that hotel. SET requires ROH to disclose information via the market's disclosure system by November 4, 2026, covering four areas: impact on business operations, timeline for handing over hotel operating assets, date when hotel revenue recognition will cease, and future business direction, plans, and timeline for finding new business. SET also urged investors to study ROH's information carefully before making investment decisions.
