In our hospitality operations, we are consistently working to deliver a refreshed guest experience across our portfolio and leverage our scale and inter-regional synergies to drive growth and maintain high operating margins. We specialise in operating new hotels and repositioning existing ones. In addition, Cugó Gran continuously identifies and assesses opportunities to extend our property portfolio and our operations across prime locations in attractive destinations, which we believe will offer attractive returns to shareholders.
We are disciplined when selecting and progressing a new business opportunity, only targeting real estate and leases with significant upside potential which fits our long-term growth strategy and above all creates strong shareholder value. From the new opportunities we identified, we went on to evaluate around 200 opportunities of which we submitted proposals for approximately 10%.
We believe that now is the right time to invest in the Cugó Gran brand. Our passion, results and credibility are the pillars that will distinguish future upcoming projects. Cugó Gran is about sustainability and we are looking forward in spreading to multiple locations as our model is flexible, and respectful to the essence of luxury we wish to deliver.