The purpose of the company is: the acquisition, construction, development, rental, financing, sale and administration of movable and immovable property both in Switzerland and abroad. The management of hotel and restaurant facilities. The import and export of food products. The company may engage in all activities that are directly related to its corporate purpose. The company may also participate, on its own behalf or on behalf of third parties, in enterprises or other commercial, financial, industrial or real estate companies and assume, on its own behalf or on behalf of third parties, representations of any kind. The company may acquire, encumber, hold, alienate real estate and, in general, carry out any activity directly or indirectly related to the corporate purpose. The company may establish branches and subsidiaries, both in Switzerland and abroad.