The purpose of the company is to operate and manage hotels and other tourist facilities. The company may acquire, manage, hold, encumber and sell properties, in particular hotel properties, as well as participations in hotel and hotel operating companies. Furthermore, the company aims to provide related services and coordination tasks, as well as to finance its activities. In addition, the purpose includes the exercise of all activities, the conclusion of transactions and the conclusion of contracts that are suitable to promote the main purpose of the company or are directly or indirectly related to it, in particular, the company may engage in financial transactions of all kinds on its own account or as a trustee and guarantee obligations of third parties.