The company's purpose is to operate apartments, inns and hotels; acquisition, management, encumbrance and sale of properties in Switzerland and abroad; participations; financing and provision of guarantees and sureties for group companies and third parties. The company also aims to buy and sell properties and participations. 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 third-party account, as well as provide guarantees and sureties for subsidiaries and third parties.