The strategy
Own. Develop. Operate.
The Julius Fund invests in the Meinl family's hotel company, Julius Meinl Living Plc — a business built on one repeatable strategy: buy prime buildings in European capital cities, convert them into luxury hotel residences under The Julius brand, and operate them itself.
The model
One company does all three.
Most real-estate investments capture one link of the chain. Julius Meinl Living Plc keeps the whole chain — acquisition, development and operations — inside the same company investors own.
Acquire prime buildings
Julius Meinl Living Plc buys prime buildings in European capital cities — Prague, Budapest, Bucharest, Berlin. The address comes first: city-centre buildings in Europe's capitals.
Convert to The Julius
Each building is converted into luxury hotel residences under The Julius brand. In Prague: 168 apartment-style residences designed by Matteo Thun & Partners, with interiors inspired by Alphonse Mucha's autumnal palette.
Run the house
The company operates every property itself, rather than handing the keys to a third-party operator. The third source of return — hotel operations — stays inside the same company investors own.
The proof case
The Julius Prague
The flagship on Senovážné náměstí shows the full cycle completed: a prime Prague building, converted, and now operating under the family's own management.
Revenue, 2024
Hotel EBITDA, 2024
Hotel EBITDA margin, 2024
2024 full-year figures — The Julius Prague
The three return pillars
Three ways one building pays.
Because one company owns, develops and operates, investors participate in three distinct sources of return — not just one.
Pillar 01
Development uplift
The step from acquired building to finished Julius residence creates the first layer of value: a prime property becomes an operating hotel residence under The Julius brand.
Pillar 02
Asset appreciation
The company continues to own the buildings it operates. The underlying real estate — prime addresses in European capital cities — is the second layer of value.
Pillar 03
Hotel operations
Day-to-day income from running the residences under The Julius brand. In Prague, hotel operations delivered a 52% EBITDA margin in 2024.
Average annual NAV-per-share growth of Julius Meinl Living Plc since 2017
Past performance is not a reliable indicator of future results.
What the fund actually buys
Shares and bonds of the family's hotel company.
The Julius Sub-Fund 2024 does not buy hotel rooms, and it does not lend to anonymous projects. It invests primarily in two instruments issued by Julius Meinl Living Plc.
Your investment
From 1,000,000 CZK or 125,000 EUR — from 100,000 CZK via the Codya Mix program
The Julius Sub-Fund 2024
A sub-fund of Julius Meinl Investment SICAV, a.s., managed and administered by CODYA investiční společnost, a.s.
Julius Meinl Living Plc
The sub-fund invests primarily in class C shares and bonds of the operating company
The Julius residences
Prague · Budapest · Bucharest · Berlin — owned, developed and operated in-house
Class C shares
An equity stake in Julius Meinl Living Plc — the company that owns, develops and operates The Julius residences. Their value follows the company's net asset value, which has grown by an average of 26.3% per year since 2017.
Bonds
Debt securities issued by the same company. They sit alongside the equity and add a fixed-income component from the same underlying business.
In plain terms: your capital participates in the Meinl family's own hotel company — the same assets the family owns.
Fees & terms
Basic information.
The complete terms are set out in the fund statutes, the sub-fund statute and the Key Information Document (KID).
- Fund
- Julius Meinl Investment SICAV, a.s. — The Julius Sub-Fund 2024
- Fund category
- Qualified investor fund (Czech FKI regime)
- Manager & administrator
- CODYA investiční společnost, a.s.
- Minimum investment
- 1,000,000 CZK / 125,000 EURFrom 100,000 CZK via the Codya Mix program
- Share classes
- CZK and EUR
- Target return
- 13–16% p.a. grossTarget figure, not guaranteed; gross of taxation
- Recommended horizon
- 5 years
- Valuation
- Monthly
- Exit fees
- May apply during the first 4 yearsThe exact schedule is set out in the sub-fund statute
Minimum investment
1,000,000 CZK
or 125,000 EUR — from 100,000 CZK via Codya Mix
Current terms and documents are available to qualified investors.
Qualify to investFAQ
Questions qualified investors ask.
Straight answers — including the parts a glossy brochure would skip.
Full documentation — the fund statutes, the sub-fund statute and the Key Information Document (KID) — is available at www.thejuliusfund.cz.
THE JULIUS FUND
Own a share of the house.
Qualified investors only. From 1,000,000 CZK or 125,000 EUR — from 100,000 CZK via the Codya Mix program.