The company's purpose is to acquire, operate and sell hotels and hotel participations, catering establishments and other tourist facilities. It can manage assets on its own account or on behalf of third parties, in particular acquire, finance, create, manage, encumber and sell properties. It can provide financing for its own account or on behalf of third parties, as well as provide guarantees and sureties for subsidiaries and third parties. It can also conduct patent, license and other intellectual property transactions. The company can participate in other companies in Switzerland and abroad, establish subsidiaries and branches in Switzerland and abroad, and conduct all business and take all legal actions that are suitable to promote the purpose and development of the company or that are directly or indirectly related to it.