To manage, operate, and administer, for commercial purposes, any type of hotel business, catering, and restaurant services (including catering or any other similar activity), as well as nightclubs of any kind, in Switzerland and abroad, in its own name or on behalf of third parties. The company may carry out and pursue all acts that are suitable and legitimate in order to achieve the purpose defined above, as well as objectives that are operationally or economically similar, in particular acquiring capital shares or participating in companies with the same or similar corporate purpose. The company may also acquire, establish, and encumber real estate or parts thereof, acquire or grant third parties limited real and personal property rights, in Switzerland and abroad. The company may establish branches and subsidiaries in Switzerland and abroad.