According to Polish media reports, Warsaw’s Polonia Palace Hotel is set to change hands, after the city illegally sold the property in 1997. The city agreed to abide by a decision handed down by the Supreme Administrative Court and will return the property to its original owner, Jolanta Lubomirskia-Pierre. But the conflict seems far for resolved.
Lubomirskia-Pierre lost the rights to the property under the 1945 Beirut decree, years before the city sold the hotel to the investor Bau Holding in 1997 for $24m. Bau Holdings spent $25m to renovate the hotel. Bau Holding said it will appeal the court’s decision.
