Gravity Capital became the new shareholder in the former Grand Metropolitan Hotels joint venture after completing the takeover of Kingstone Capital's UAE subsidiary on June 30, 2026, giving it an indirect 70.3% stake in Grand Metropolitan Hotels Holding B.V. in the Netherlands. The deal ends Kingstone Capital AG Switzerland's former structure with the Versorgungswerk der Zahnärzte Berlin (VZB), prompts the resignation of the Dutch holding company's directors and Supervisory Board members and removes its right to use the Grand Metropolitan name, which will be replaced by Gravity Capital Hospitality. Grand Metropolitan Hotels said the split lets it pursue international growth independently while Kingstone Capital Holding AG (Switzerland) remains a strategic investor outside the joint venture; future financing of the former vehicle remains unclear between the new shareholders after Kingstone Capital Switzerland had been funding it alone because of difficulties surrounding VZB. The transaction also included majority interests in Genesis AI, Room Hub and Xenios, while Grand Metropolitan 1931 AG separately terminated the Dutch company's trademark licence. Citing months of deadlock, failed buyout and capital increase proposals, and blocked corporate resolutions, the group said it is now focused on an asset-light strategy and expects a September 2026 announcement on a hotel affiliation acquisition now under exclusive negotiations.