EMCC European Monitoring Centre on Change

Hotel Metropole

Company/Organisation:
Hotel Metropole

Geographic Location

Country: Belgium
Region: Région Bruxelles-Capitale / Brussels Hoofdstedelijke Gewest
Location of affected unit(s): Brussel

Company

Sector: Hotel / restaurants
Accomodation and food service activities
55.10 - Hotels and similar accommodation
Number Employed: 129

Employment Effects

Announcement Date: 22-04-2020
Planned Job Reductions min: 129
Planned Job Reductions max: 129
Type of Restructuring: Closure
Employment Effect Start: 23-04-2020
Direct Dismissals: 129

Additional Information

Hotel Metropole, a famous Belgian 5-star hotel in Brussels has announced it will terminate its operations. The hotel has been facing difficulties for several years, mainly after the terrorist attacks in Paris and Brussels, as a result of building works to pedestrianise the area around the hotel. In addition, the independent luxury hotel was the subject of ongoing legal disputes. For the last five years, the hotel has been loss-making. The current Corona crisis was the final straw according to the company management, after a promising start of 2020.

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