The property, which consists of 520 square meters of land and the 13-storey hotel building, is located in the city center, on Magheru boulevard. The hotel was built between 1937 and 1939.
After ten years of litigations, the High Court of Justice ruled definitively against claims by the Romanian state and ordered the property be returned to the heirs of the former owner, law firm Zamfirescu Racoți & Partners (ZRP), who represented the heirs in the trial, said in a press release Monday.