The company's purpose is to operate, manage, broker, and maintain holiday apartments, rooms, houses, serviced apartments, business apartments, commercial spaces, and all other related services, including in particular the assumption of advisory mandates as well as the assumption of management functions in the aforementioned areas. The company may establish branches and subsidiaries in Germany and abroad and participate in other companies in Germany and abroad. The company may acquire, encumber, dispose of, and manage real estate in Germany and abroad. It may also arrange financing for its own or third-party account as well as provide guarantees and sureties for subsidiaries and third parties.