The company's purpose is to engage in hotel management, gastronomy, apartment rental, aparthotel management, hotel operation, as well as the purchase, sale, management, rental, construction and trade of all types of real estate in Switzerland and abroad. The company provides all services related to its purpose. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and conduct all business 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 for third-party account, as well as provide guarantees and sureties for its subsidiaries and third parties.