The company's purpose is to operate and manage real estate, as well as to operate and manage hotels and gastronomy businesses. The company may make investments in Switzerland or abroad and, in addition, carry out all commercial and financial transactions that are conducive to its purpose. The company may acquire, develop, register or exploit patents, licenses and trademarks, or dispose of them. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and acquire, encumber, sell and manage real estate in Switzerland and abroad, as well as engage in businesses directly or indirectly related to the company's purpose. It may also provide financing for its own account or for the account of third parties, as well as provide guarantees and sureties for subsidiaries and third parties. The company may grant loans to its direct or indirect shareholders or other companies within the group and provide security of any kind for their liabilities to third parties, including by pledging or assigning its own assets or providing guarantees of any kind, even if such loans or securities are in the exclusive interest of its direct or indirect shareholders or other group companies and are granted free of charge.