April 30, 2024
Julius Meinl Living Expands Portfolio with the Acquisition of Historic Hotel in Bucharest
Julius Meinl Living is proud to announce the acquisition of the historic Ambasador Hotel in Bucharest. The property is set for a transformative renovation and is expected to reopen as The Julius Bucharest in 2027.
Julius Meinl Living is proud to announce the acquisition of the historic Ambasador Hotel in Bucharest. The property is set for a transformative renovation and is expected to reopen as The Julius Bucharest in 2027.
Located in the heart of Romania’s capital, the iconic building spans about 12,600 square meters and first opened its doors in 1939. This acquisition marks a significant expansion of Julius Meinl Living’s portfolio, following the success of similar projects like The Julius Prague.
The Julius Bucharest will offer 158 state-of-the-art hotel rooms and luxury apartments, echoing the distinguished charm and modern luxury of its sister properties. Julius Meinl Living is committed to sustainability and plans to seek LEED Gold certification for the hotel, reflecting its dedication to environmental responsibility.
The acquisition was facilitated by a team of esteemed partners, including Special Properties (brokers), Kinstellar (legal advisory), TPA (financial advisory), and Optim Project Management (development management).
This strategic acquisition underscores Julius Meinl Living’s commitment to enhancing its luxury hospitality offerings and providing exceptional experiences in historic European cities.
