Grand Royal Orchid Hospitality Real Estate Investment Trust
Business overview
Company backgroundGROREIT is a real estate investment trust listed on the Stock Exchange of Thailand that invests in the ownership rights of the Royal Orchid Sheraton Hotel and Towers.
The original owner of the property is Royal Orchid Hotel (Thailand) Public Company Limited (ROH), which leases the property to GROREIT with a lease term of 3 years plus two 1-year extensions, and has a right to repurchase the property at the end of the lease terms. The fund manager is Wannachart Fund Management Company Limited, and the property manager is Sheraton Overseas Management Corporation.
GROREIT's registered address is 989 Siam Piwat Tower, Rama 1 Road, Pathumwan, Bangkok 10330, Thailand.
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