GROREIT Proposed Asset Sale and Fund Termination on Oct 28

Prachachat•Economy•1d ago

Reader Briefing

Wan Asset Management prepares to call a GROREIT meeting on October 28 to consider three options for selling the Royal Orchid Sheraton hotel before terminating the trust.

•Wan Asset Management scheduled a GROREIT shareholders meeting for October 28, 2026.
•Orchid Hospitality offered to buy the assets for 5.3 billion baht, which is 427 million baht higher than ROH's offer.
•ROH confirmed readiness to buy back the assets at 4,873 million baht.
•A record date for eligible shareholders is set for September 29, 2026.

Overview

•Wan Asset Management set the record date for eligible GROREIT shareholders on September 29, 2026.
•Wan Asset Management scheduled the GROREIT shareholders meeting for October 28, 2026.
•GROREIT shareholders will consider three options to sell the Royal Orchid Sheraton hotel before proceeding to trust termination and liquidation.
•Orchid Hospitality proposed a purchase price of 5,300 million baht.
•ROH confirmed a buy-back price of 4,873 million baht.
•If sales to ROH and Orchid Hospitality fail, GROREIT will seek approval to open a public auction for the assets.
•Wan Asset Management will be granted a General Mandate to conduct the auction and sell assets if the first two options are unsuccessful.
•The trust manager will reserve a portion of funds for liquidation expenses and potential legal costs before the final termination of GROREIT.

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Key Entities

Organization

Wan Asset Management(บลจ.วรรณ)

The asset management company managing GROREIT and organizing the shareholders meeting.

GROREIT

A real estate investment trust seeking to sell its assets and undergo liquidation.

ROH

An entity that confirmed readiness to buy back the assets at 4,873 million baht.

Orchid Hospitality(ออร์คิด ฮอสพิแทลลิที)

A bidder offering 5,300 million baht to purchase the assets.

Place

Royal Orchid Sheraton Hotel(โรงแรมรอยัล ออคิด เชอราตัน)

The asset being considered for sale by GROREIT.