The purpose of the company is to operate hotels and catering businesses of all kinds. The company may engage in all activities directly or indirectly related thereto, in particular the acquisition, holding and disposal of real estate as well as the trade in goods and services suitable for promoting tourism, the hotel and catering industry and the catering trade. The company may also establish branches and subsidiaries at home and abroad, invest in other companies at home and abroad and conduct all business that is directly or indirectly related to its purpose. It may also arrange financing for its own or third party account and provide security for the liabilities of associated companies.