The rental and management of hotels and tourist facilities. The company's purpose is the acquisition, holding, administration and disposal of direct and indirect participations in companies with their registered office in Switzerland or abroad. The company may establish branches and subsidiaries and may participate in other companies, both in Switzerland and abroad. The company may acquire, hold and dispose of real estate and intangible assets. The company may also carry out any commercial, financial or other activity that is directly or indirectly related to the company's purpose. The company is authorized to take financing, restructuring and intervention measures in favor of shareholders, group companies or third parties, and to grant loans or guarantees to shareholders, group companies or third parties for the commitments they have assumed.