The company's purpose is to operate hospitality businesses. The company can both manage its own establishments and be active in such businesses through consulting and management contracts. Furthermore, the company's purpose is to acquire, develop, manage and sell real estate. The company can establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, as well as conduct all business that is directly or indirectly related to its purpose. The company can acquire, encumber, sell and manage real estate in Switzerland and abroad. It can also provide financing for its own account or for third-party account, as well as provide guarantees and sureties for subsidiaries and third parties.