The company's purpose is to acquire and rent out real estate and to operate para-hotel businesses. It 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 also acquire, encumber, sell and manage real estate in Switzerland and abroad, arrange financing for its own account or for the account of third parties, and provide guarantees and sureties for its subsidiaries and third parties.