Bugaj, as a landed estate, was mentioned in 1789 as property belonging to General August Gorzeński of the Nałęcz coat of arms. The general was the heir to the neighboring Koryta and Dobrzyca. Later, the estate passed into the hands of Kazimierz Turno and Helena Wiktoria of the Rogalińska Turnowa.
In 1835, the Bugaj estate was bought by Baron Henryk v. Kottwitz, and then by Ludwik Bandelow.
In 1866, the estate was inherited by his son Artur and his wife Józefina Bandelow of the Unruhów.
From 1879 to 1890, Bugaj belonged to Fryderyka Bandelow, Baroness v. Kottwitz.
In 1890, the estate was bought by Count Józef Czarnecki of the Prus III coat of arms, and from then on it was in the hands of the family until 1939. In the early 1920s, the estate was inherited by Zygmunt Czarnecki (died 1939), and after him by his widow Izabela née Potocka. During World War II, Baron Wiktor von Vittenhof, who had been resettled from Latvia, lived in Bugaj.
After the war, the estate shared the fate of other Polish manors. Devastated and ruined by subsequent post-war owners, in 2008 it fell into the hands of Anna and Włodzimierz Podonowski of the Łodzia coat of arms.
In 1946, under the agricultural reform, the estate, destroyed and plundered by Soviet troops, was taken over by the State Treasury.
The first administrator and manager was the local SKR. The palace housed offices and employees' apartments. In 1991, the palace was bought by a private entrepreneur.
In 2008, the palace, along with the "remnant" of 1.5 ha of park, was bought by the current owners, architects Anna and Włodzimierz Podonowski, to be used as a hotel, catering and tourist service facility. Since then, dozens of weddings, marriages, baptisms, communions, festivals, concerts and many other family and corporate events have been organized there. The new owners breathed life into the decaying monument and restored the splendor of the Bugaj Palace, which, thanks to them, is now available to anyone who dreams of organizing a party within the walls of this unique place and in its magical surroundings.