The company's purpose is: the operation of public establishments, in particular the accommodation and catering service, any activity in the tourism sector, as well as any convergent activity. It may carry out any financial or commercial operation related to its purpose or likely to promote it; the purchase, sale, exchange, promotion, development, construction for its own account or for the account of third parties of movable and immovable property, as well as the operation, management, rental, brokerage, financing of buildings, participation in all companies in the real estate sector. The company may grant loans to its shareholders or to third parties, guarantee loans subscribed by its shareholders or third parties, secure these loans by issuing or pledging mortgage securities or by subscribing to any other financial commitment, pledge its assets to secure any claim. The company may carry out any commercial and financial activity, any investment or other activity directly or indirectly related to its purpose or likely to achieve it. It may carry out these operations for itself or for the account of third parties, as a representative or agent, or have them executed on its behalf by third parties. The company may create branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad.