The company's purpose is the leasing, subleasing, and management of holiday homes and apartments, particularly in Ascona and its surroundings. The company is authorized to acquire, encumber, hold, and dispose of real estate in Switzerland and abroad. The company may undertake, both on its own account and on behalf of third parties, any further activities, directly or indirectly related to the company's purpose, particularly also in the financial sector, and may establish, acquire, manage, and dispose of interests in other companies, as well as open branches and subsidiaries, all of this both in Switzerland and abroad.