Cheyne Capital has closed a €41 million ($44.8 million) loan to finance part of the restoration and redevelopment of the iconic Hotel Metropole in Brussels into a premier lifestyle destination.
Situated in Place de Brouckère, the historic property, which was acquired by private equity firm Lone Star Funds in 2022, will be transformed into an upscale lifestyle hotel. The City of Brussels is supportive of the project, which will reinforce the building’s status as a flagship destination in the city.
Once complete, the hotel will cater to both short-term visitors and extended-stay guests, with 267 rooms. The renovation will include the addition of premium amenities, such as an indoor swimming pool, a fitness room and the much-anticipated reopening of the prestigious Café Métropole. Works are expected to complete in the second half of 2026.
The redevelopment places a strong emphasis on sustainability, reflecting Cheyne Capital’s commitment to responsible
