The Egyptian General Company for Tourism and Hotels (EGOTH) and 40 heirs to the Aziza Fahmy Palace in Alexandria have settled their 54 year old dispute, Chairman of EGOTH Mervat Hataba told Youm7. The stunning Aziza Fahmy Palace is an architectural gem, and EGOTH plans to renovate it the area into a hotel and commercial area with investments of EGP 1 bn. The conflict over the property revolves around ownership claims by the heirs after expropriation in 1963. Talks over the 15k sqm historical property ended amicably after mediation by the Armed Forces. The drama isn’t over for the palace just yet though: The International Company for Investment and Development has claims to the land and property from a sale it says dates back to 1987, according to Al Mal. The case is with the court of appeals and claims EGOTH’s ownership is illegitimate.

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