News Detail

Date/Time
19 Jul 2022 17:00:00
Headline
Notification of the asset appraisal value of Grande Royal Orchid Hospitality Real Estate Investment Trust with Buy-Back Condition
Symbol
GROREIT
Source
GROREIT
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No. RMG 23/2022
19 July 2022

Subject:    Notification of the asset appraisal value of Grande Royal Orchid 
Hospitality Real Estate Investment Trust with Buy-Back Condition

To:    President
The Stock Exchange of Thailand

One Asset Management Limited ("ONEAM") in the capacity as the REIT Manager of 
Grande Royal Orchid Hospitality Real Estate Investment Trust with Buy-Back
Condition ("GROREIT") would like to inform the appraisal value detail as
follows:

Project Name    Royal Orchid Sheraton Hotel & Towers Project
Appraiser    The Valuation & Consultants Company Limited
Valuation Date    3 February 2022
Detail of Asset    Freehold right in the immovable and movable properties of the 
Royal Orchid Sheraton Hotel & Towers Project
    726 Rooms available for servicing
Location    No. 2 Captain Bush Lane, New Road, Bangrak Sub-district, Bangrak 
District, Bangkok Province
Total Area    Total land area approximately 5 rai 1 ngan and 65 square wah
Valuation Method    Income Approach
Discount Rate    7.50%
Appraisal Value    4,532,800,000 Baht

Investors may request for more details of the appraisal report from One Asset 
Management Limited at Telephone number: 02-659-8888 ext. 8847, 8850

Please kindly be informed accordingly.

Yours sincerely,

(Mr. Alongkorn Prathanrasnikorn)
Chief Property and Trust Officer
One Asset Management Limited
______________________________________________________________________
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