The company's purpose is to manage and operate hotels and restaurants as well as other establishments in the fields of accommodation and gastronomy, including the provision of services in these areas, as well as the administration and management of real estate and consulting of all kinds. The company may acquire, exploit and sell copyrights, patents, licenses, trademarks and other intellectual property rights. It 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. It may also provide financing for its own account or for the account of third parties and arrange guarantees and sureties for subsidiaries and third parties. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad.