The company's purpose is to operate hotels, including aparthotels and parahotels, as well as gastronomy businesses. The company may establish branches and subsidiaries in Switzerland and abroad, participate in, acquire or merge with other companies in Switzerland and abroad, and enter into any business and conclude any contracts that are suitable to promote the company's purpose or are directly or indirectly related to it, such as operating retail stores and distributing consumer goods. It may also provide financing for its own account or for the account of third parties, as well as provide guarantees, sureties and other securities in favor of group companies and third parties.