The provision of services in the field of tourism, in particular the development, realization, brokerage and/or management, on its own account and/or on behalf of third parties, of accommodation facilities, in particular vacation apartments, bed & breakfast and similar establishments. The company may develop, acquire, manage and market, notably through the granting of licenses, intangible rights, in particular trademarks, patents, copyrights and design. The company may carry out financial transactions, including the granting of loans and guarantees, and acquire, encumber and dispose of properties and other real rights. The company is authorized to establish branches, affiliated companies, as well as foundations and may participate in other companies. The company may operate both in Switzerland and abroad and is authorized to carry out any further activity aimed at achieving the purposes and objects mentioned in the preceding paragraphs or in any way connected therewith.