The company's purpose is to acquire, develop, operate, and manage hotels, resorts, golf clubs, country clubs, business clubs, and other leisure, hospitality, and lifestyle facilities both domestically and internationally. This includes the development, establishment, and utilization of know-how, concepts, brand, and licensing rights in the fields of hotel industry, hospitality, golf, and club management; the management of its own businesses and third-party operations in the fields of hotel industry, gastronomy, club management, and leisure economy; the provision of consulting, management, controlling, project development, and asset management services for its own operations and for third parties; the acquisition, encumbrance, management, and disposal of real estate both domestically and internationally; the marketing and utilization of brand, franchise, trademark, and royalty rights; the execution of financings for its own account or for the account of others, as well as the provision of guarantees and sureties for the benefit of subsidiaries or third parties; and the trading of goods of all kinds. The company is authorized to conduct all transactions and measures that appear necessary or useful for achieving the company's purpose, including the establishment of branches and subsidiaries both domestically and internationally, as well as the participation in other companies and corporations both domestically and internationally. It may also assume the management and representation of such businesses and corporations.