The company's purpose is the acquisition, ownership, restructuring, and management of commercial real estate, particularly hotels and hotel-managed properties. The company provides all services that are directly or indirectly related to this purpose. The company may establish branches and subsidiaries domestically and abroad, and may participate in other companies domestically and abroad, as well as conduct all business that is directly or indirectly related to its purpose. The company may acquire, encumber, dispose of, and manage real estate domestically and abroad, which, according to Article 2, Paragraph 2, Letter a of the Federal Act on the Acquisition of Real Estate by Persons Abroad (BewG), constitutes a business establishment. It may also arrange financing for its own or third-party account, as well as provide guarantees and sureties for subsidiaries and third parties.
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