The company's purpose is to operate hospitality businesses on its own account or on behalf of third parties, as well as to provide services and consulting for the hospitality and hotel industry. The company is authorized to conduct all business and take all measures that are directly or indirectly suitable for serving the purpose of the company. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and conduct all business that is directly or indirectly related to its purpose. The company may acquire, encumber, sell, and manage real estate in Switzerland and abroad. It may also provide financing on its own account or on behalf of third parties, as well as provide guarantees and sureties for its subsidiaries and third parties.