Julius Meinl acquires property in central Budapest

Hungary: Aparthotel developer and operator Julius Meinl Living has acquired a building in central Budapest, marking the third Julius-branded property in the portfolio. 

The Julius Budapest, located along Hegedű utca, is due to open in 2029. It will be redeveloped from a historic building and when complete, will offer 118 rooms and apartments. The team is targeting LEED Gold (or higher) certification. 

The acquisition was supported by the EMTN bond framework and The Julius Fund, through which €16 million has been raised since December 2024. 

It expands the group’s presence in Budapest, joining Escala Hotel & Suites in the city. It also marks the third Julius-branded property, following Prague (which opened in 2022) and Bucharest (opening in 2027). 

Highlights:

• Julius Meinl Living has acquired a historic property in central Budapest for redevelopment into The Julius Budapest, opening in 2029.
• The 118-room aparthotel will target LEED Gold (or higher) certification. 
• The acquisition was financed via the EMTN bond framework and The Julius Fund, which has raised €16 million since December 2024.
• The project expands Julius Meinl’s presence in Budapest, alongside Escala Hotel & Suites.
• The Julius Budapest will become the third Julius-branded property, following Prague (2022) and Bucharest (2027).