The purchase, sale, holding, leasing, exchange and administration of real estate; the purchase, sale, management, operation, rental and leasing of restaurants, hotels, bars, piano bars, nightclubs and public establishments in general. The company may, in Switzerland and abroad: carry out all activities, including commercial and financial transactions, directly or indirectly connected with the company's purpose; contract mortgages and provide movable and immovable guarantees; acquire directly or indirectly interests and participations in other companies or enterprises in the sector related to the company's purpose or in other sectors; establish branches and subsidiaries.