The purpose of the company is the management of hotels, restaurants and bars; the management and provision of services in the field of catering and hotel services, design and implementation of events as well as the production and sale of food and beverages of any kind. The company may directly acquire interests and/or participations in other companies or enterprises both in Switzerland and abroad and may open branches both in Switzerland and abroad. It may also purchase, sell, administer, lease real estate, intellectual property rights and licenses. The company may carry out all operations directly and indirectly related to the corporate purpose.