Listed hotel owner GRAND has proposed selling The Westin Grande Sukhumvit assets to RABBIT (BTS group) for up to THB 494.6m, to pay debts and fund working capital. GRAND has reported losses for three straight years, missed land rent payments, and faces a landlord termination effective 29 June 2026 that could halt hotel and Robinson tenant operations. The sale still needs a shareholder vote and land disputes must be cleared. For SMEs: this is a warning about landlord and lease risk, especially for tenants on leased land. Not a direct action item unless you lease from or supply to these parties.