ZURICH, Aug. 11, 2026 /PRNewswire/ -- Following the takeover of its subsidiary in the United Arab Emirates by , has fully exited the former joint venture structure with the . The UAE entity held a in the Netherlands and served as the investment platform for the joint venture.
Also effective , the directors of the former and the members of its Supervisory Board resigned from their respective positions. In addition, the company lost the right to use the name and will operate in the future under the name .
For the international hotel management and brand group , the change in ownership represents one key outcome: the Group could separate itself from the JV and will now focus entirely on executing its international growth strategy on an independent basis.
Through the takeover of , Gravity Capital has indirectly acquired the former in , the Dutch BV company of the former joint venture. The transaction relates solely to this indirect shareholding.
Gravity Capital is an internationally active investment company focusing on technology-driven businesses, intellectual property, software solutions and investments across the tourism, medical, real estate and hospitality sectors. As part of the transaction, Gravity Capital acquired the majority interests in the hospitality technology companies , and . The company has since been renamed and has appointed a new executive management team.
Independently of this transaction, , a wholly owned subsidiary of and the worldwide owner of the trademark rights, has terminated the licence permitting the Dutch joint venture company to use the brand.
It remains to be seen how the future financing of the joint venture—previously funded exclusively by Kingstone Capital Switzerland as a result of the difficulties surrounding the VZB—will be arranged between the new shareholders.
said , Founder of the Grand Metropolitan Hotels Group.
According to the company, the joint venture had been in a prolonged state of deadlock after several proposed solutions between the shareholders failed to gain mutual support. These included proposals for the reciprocal acquisition of each party's shareholding as well as a proposed capital increase. In addition, several key corporate resolutions could not be implemented.
added Martin R. Smura.
With the completion of the transaction, considers the separation from the former joint venture structure to be concluded and is now fully focused on the continued expansion of its international hotel management and brand business.
The Group remains committed to its , concentrating on hotel management, branding, franchising, affiliations and digital hospitality solutions. Future growth will continue to be supported by strategic investments from .
At the same time, Grand Metropolitan Hotels is advancing the next phase of its international expansion. According to the company, the Group is currently in to acquire another business in the hotel affiliation sector. An announcement is expected in .
is an internationally focused investment company specialising in high-growth sectors including . Within the hospitality industry, Gravity Capital combines technological expertise with an international network to support the development, digital transformation and scalable growth of hospitality brands.
Grand Metropolitan Hotels is an international hotel management and brand group operating an asset-light business model. The Group provides hotel owners and investors with services in the areas of branding, hotel management, franchising, affiliations and digital solutions for hotel operations. Its portfolio includes , , , , , , as well as additional brands and strategic investments. The Grand Metropolitan Hotels Group is wholly owned by , the Group's family holding company.
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