Julius Meinl Living Expands into Berlin's Hospitality Market

Julius Meinl Living PLC, a company controlled by the Julius Meinl family, is set to make its first venture into Western Europe with the acquisition of a property in Berlin. The planned "The Julius Berlin" will be located on Marburger Strasse, Charlottenburg, offering 98 rooms in a luxury extended stay hotel format. The property is expected to open in mid-2028 after completing development according to the company's standards.

Berlin shows potential for growth in tourist numbers, despite a sluggish recovery post-COVID compared to other major European capitals. By targeting Berlin, Julius Meinl Living aims to leverage this growth alongside competitive opportunities in the city's hospitality landscape.

This new acquisition aligns with the company's strategy of developing high-end hotel properties across major European cities. Funding for this project will come from company resources and senior secured debt. Environmental certification will follow suit, echoing the standards held by their existing properties, including The Julius Prague.