Julius Meinl Living Expands with Budapest Acquisition

Julius Meinl Living PLC, renowned for transforming prime real estate in European capitals into top-tier hotels, has acquired a property in Budapest. The new development will join their portfolio as "The Julius Budapest," expected to open in early 2029 after extensive construction on a site in Hegedu utca. The location is strategic, being close to Budapest's luxury shopping district and cultural landmarks.

The property spans 1,991m², with plans to retain an existing 512m² building and redevelop it, alongside constructing new structures. The future hotel will offer 118 rooms and apartments, emphasizing luxury while maintaining operational efficiency. This mirrors the successful model of The Julius Prague, which achieved significant financial success and accolades.

Julius Meinl Living is leveraging its EMTN bond programme and The Julius Fund to finance this and future projects, underscoring its strategic expansion in Europe's luxury hotel market.