The London-headquartered firm has provided the funds to turn the Hotel Metropole in the Belgian capital into a “premier lifestyle” destination.
Once complete, the redevelopment of the building will see it accommodate both short-term and extended-stay guests with 267 rooms. An indoor swimming pool, fitness room and cafe will also be included.
Works are expected to be completed in the second half of 2026.
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Additionally, the restoration will target CRREM alignment and a BREEAM ‘very good’ rating.
“We continue to have strong conviction and appetite for the European hotel market, as recent performance demonstrates both its resilience and growth,” said Jean-Charles Prido, who works in the Cheyne real estate team.
“This transaction underscores Cheyne Capital’s commitment to financing sustainable real estate projects while accompanying leading sponsors such as Lone Star.”
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