The purpose of the company is to hold participations in the hotel industry, to hold hotel properties and hotel operating companies with all associated operational infrastructures such as parking garages and staff accommodations, as well as to operate hotels and restaurants with associated annexes and ancillary businesses. The company may acquire other undertakings of the same or similar kind, participate in them, take over or grant representations, establish branch offices, acquire or sell properties, and conduct all business that is either suitable to promote the company's purpose or is directly or indirectly related to it.