In Brief: Gravity Capital Hong Kong acquired Kingstone Capital UAE on June 30, 2026, giving it an indirect 70.3% stake in the former Grand Metropolitan Hotels Holding B.V. Kingstone Capital Switzerland remains an investor in the wider Grand Metropolitan Hotels Group, which will continue its international expansion independently. Martin R. Smura, Founder & Chairman, Grand Metropolitan Hotels - Image Credit Grand Metropolitan HotelsOn June 30, 2026, Gravity Capital Hong Kong acquired Kingstone Capital UAE. Grand Metropolitan 1931 AG, which owns the Grand Metropolitan trademarks worldwide, ended the Dutch company’s brand licence. Grand Metropolitan Hotels will focus on its asset-light businesses, including hotel management, branding, franchising, affiliations and digital hospitality services.