The purpose of the company is to operate hospitality businesses of all kinds. The company can acquire, encumber, sell and manage real estate in Switzerland and abroad. It 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. It can also provide financing for its own account or for the account of third parties, as well as provide guarantees and sureties for subsidiaries and third parties.