The company's purpose is to operate hotels and restaurants, as well as to provide all services in the tourism sector, in particular the organization, brokerage and sale of trips, the organization and execution of events, as well as the trade in goods of all kinds. The company can establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and conduct all business that is directly or indirectly related to its purpose. The company can acquire, encumber, sell and manage properties in Switzerland and abroad that are not subject to the Federal Act on the Acquisition of Real Estate by Persons Abroad (BewG, SR 211.412.41). It can also provide financing for its own account or for the account of third parties, as well as grant guarantees and sureties for subsidiaries and third parties.