The company's purpose is to operate a restaurant and hotel business, and it may also engage in retail trade. It may participate in other companies and conduct all business that is suitable to promote or facilitate its development, including the acquisition, maintenance and sale of properties. The company may establish branches and subsidiaries in Switzerland and abroad, and participate in other companies in Switzerland and abroad, as well as 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 for its own account or for the account of third parties, and grant securities for the liabilities of affiliated companies.