Seventeen state-owned Polish hotels to be sold off

Poland's treasury ministry has reportedly received five preliminary bids regarding the impending sale of a group of 17 hotels spread across 15 cities.

As Radio Poland writes, the hotels, which are currently run by the state-owned WAM Hotel Group, include Krakow's Hotel Royal and Warsaw's Belwederski Hotel.

A full is can be found here.


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“The Treasury Ministry is analyzing the bids at the moment,” ministry spokesman Emil Górecki told the Polish Press Agency. “We are not able to determine the completion date of the procedure.”

The names of the bidders has not yet been revealed, although one company bidding is reportedly rom Luxembourg, while the remaining four are headquartered in Poland.

There is opposition to the sale, Radio Poland further reports, from the conservative party Law and Justice. As Radio Poland writes, MP Andrzej Adamczyk "has claimed that his party is not against privatization per se, but has described the WAM sale as a 'savage, chaotic sell-off of national assets.'"

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