The company's purpose is to operate, purchase and sell hotels and gastronomy businesses, develop corresponding marketing concepts, produce food and trade in goods of all kinds both domestically and abroad. The company may establish branches and subsidiaries both domestically and abroad and participate in other companies. The company is authorized to acquire, encumber, sell and manage real estate both domestically and abroad. Furthermore, the company may conduct any business that is suitable to promote the development of the company and achieve its purpose.