Origin Property Public Company Limited, or ORI, has closed a deal to sell the Staybridge Suites Bangkok Sukhumvit hotel for 1.095 billion baht to the Sawetsomphop family, executives of Sino-Pacific Trading Thailand. The sale is part of a business restructuring plan under which ORI aims to sell a total of six hotels this year. Earlier, in May 2026, it sold the Ibis Phuket Kata hotel for 745 million baht. The latest deal was carried out through two subsidiaries, Origin One Sukhumvit 24 Company Limited and Origin One Phrom Phong Company Limited, and is expected to be recognised in the third quarter of 2026. ORI will receive net cash flow of approximately 550 million baht, as the project is a joint venture. The hotel asset sales are aimed at strengthening liquidity amid long-term debt obligations due within one year. As of the end of the first quarter of 2026, these stood at 12.147 billion baht, including the ORI269A bond worth 714.70 million baht maturing on 1 September 2026. In addition, ORI plans to sell four warehouse projects into a real estate investment trust of Alpha Industrial Solution Company Limited in the second half of 2026, which is expected to generate additional cash flow of around 450 million baht.
Origin Property PCLSelling hotel assets to reduce debt and improve liquidity.
Planned sale of warehouse projects into its REIT generates cash flow.
