DJ Julius Meinl Living Acquires Property in Budapest
JML Finance (Luxembourg) sarl / Key word(s): Acquisition
Julius Meinl Living Acquires Property in Budapest
03-Nov-2025 / 10:00 CET/CEST
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Julius Meinl Living Acquires Property in Budapest
Julius Meinl Living PLC, through its group companies, acquires prime real estate assets in major European political and
economic capital cities for development into top rated hotel properties that comprise mainly apartments and that the
group then operates itself under the name "The Julius" ("Julius Meinl Living").
Julius Meinl Living PLC is fully controlled by the Julius Meinl family who, over the last 163 years, have demonstrated
their expertise and excellence in consumer goods, retail and real estate.
The first The Julius property opened in Prague in 2022, as The Julius Prague. The property has been a stunning success
with guests. Its rating on Booking.com is 9.6 after 5,997 reviews over the last three years and recently the property
was awarded a coveted Michelin Key.
In 2024, its second full year of operation, The Julius Prague achieved revenues of EUR12.2 million and EBITDA of EUR6.4
million, with a margin of 52%. The Julius Bucharest will be the second property of the brand and is expected to open
around the end of 2027.
Budapest Acquisition
Julius Meinl Living is pleased to announce that it has recently completed the acquisition of a property on Hegedu utca
in Budapest. Following extensive construction, "The Julius Budapest" is planned to open its doors on the site in early
2029.
By virtue of its ownership and operation of the Escala Hotel & Suites in Budapest, Julius Meinl Living knows that
Budapest is a highly attractive market: In 2024, there were 17.5 million travellers through the city's airport. This
represented growth of 19.0% as compared to 2023 and compares to 16.4 million in Prague. Likewise, in 2024, demand for
accommodation grew by 19.5% as compared to 2023, to a total of 9.8 million nights. Within central and Eastern Europe,
Budapest boasts the highest share of luxury rooms, reflecting the profile of the visitors to the city.
Hegedu utca is in a prestigious district of central Budapest. It is close to the luxury boutiques of the Andrassy ut
through-fare and to the State Opera House. Like The Julius Prague, it is approximately a mile from the city's famous
riverfront.
The property that has been acquired by Julius Meinl Living comprises a plot of 1,991m^2. Around 74% of the plot has
been cleared and is ready for development. The remaining 26% comprises an existing building that covers an area of 512m
^2 and that fronts the street.
Julius Meinl Living will retain and redevelop the existing building and will construct new buildings on the other three
sides of the plot. Once construction is complete, Julius Meinl Living expects the property to have a gross area of
9,910m^2 with 118 rooms and apartments that have an average size of 34m^2.
Given the location and project characteristics of The Julius Budapest, the property, once complete, will have many
similarities to The Julius Prague.
The property that has been acquired benefits from a valid permit for the construction of a hotel with more smaller
rooms than The Julius Prague will have. Julius Meinl Living will apply for this permit to be modified and is hopeful
that it will be possible to begin works within a year from now. The works are expected to last a little over two years
and to enable opening in early 2029.
Funding for the acquisition of this property and for its redevelopment is expected to come from the Julius Meinl Living
group and from senior bank debt. Julius Meinl Living is in discussions for the senior bank debt to fund the development
cost.
As with The Julius Prague, it is intended that The Julius Bucharest will be certified to LEED Gold standard (or
higher).
Strategy
With The Julius concept now proven, Julius Meinl Living is continuing the process of developing its portfolio of "The
Julius" branded "luxury product / low operating cost" hotels that comprise mainly apartments and that are located in
the major political and economic capital cities of Europe.
Over and above the acquisition of the property in Budapest, Julius Meinl Living is progressing negotiations in relation
to a number of identified and exciting pipeline properties and continues to seek additional pipeline opportunities, in
all cases for eventual addition to The Julius portfolio.
Financing
With the benefit of its EMTN bond programme and The Julius Fund, the qualified investor fund in the Czech Republic that
supports Julius Meinl Living, the group has been able since 31^st December 2024 to raise a total of EUR16 million of new
capital. This capital programme supports both the acquisition of the property on Hegedu utca and future acquisitions by
Julius Meinl Living.
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Dissemination of a Financial Wire News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
View original content: EQS News
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Language: English
Issuer: JML Finance (Luxembourg) sarl
6 Rue Dicks
L-1417 Luxembourg
Luxembourg
E-mail: office@juliusmeinlliving.com
Internet: www.juliusmeinlliving.com
ISIN: XS2834253127
EQS News ID: 2222578
End of Announcement - EQS News Service
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2222578 03-Nov-2025 CET/CEST
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