The company's purpose is to operate hotels and restaurants, rent and lease commercial premises, train and educate the necessary personnel in Switzerland and abroad, as well as plan and finance hotel projects and acquire, develop, manage and utilize properties on its own account and on behalf of third parties. The company 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. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also provide financing for its own account or on behalf of third parties, as well as provide guarantees and sureties for subsidiaries and third parties.