Gravity Capital Hong Kong has acquired Kingstone Capital's subsidiary in the United Arab Emirates, ending Kingstone Capital Switzerland's joint-venture structure with the Versorgungswerk der Zahnärztekammer Berlin, or VZB. The transaction closed on June 30, 2026 and gives Gravity Capital an indirect 70.3% stake in Grand Metropolitan Hotels Holding B.V. in the Netherlands, the former venture's investment platform. The deal applies only to that indirect holding, while Kingstone Capital Holding AG (Switzerland) remains a strategic investor in the broader Grand Metropolitan Hotels Group outside the old joint-venture framework. Following the change, the former holding company's directors and supervisory board resigned, the Dutch entity lost the right to use the Grand Metropolitan name, and it will operate as Gravity Capital Hospitality. Grand Metropolitan Hotels said it now considers the separation complete and will continue pursuing its asset-light strategy in hotel management, branding, franchise, affiliation and digital hospitality solutions, with further growth backed by Kingstone Capital Holding AG (Switzerland). The company also said it is in exclusive talks to acquire another hotel affiliation business, with an announcement expected in September 2026.