The purpose of the company is to operate a hotel and restaurant business and to provide consulting services to hospitality and related businesses. The company may establish branches in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire or establish similar or related businesses, and conduct all business that is suitable to promote the purpose of the company. The company may acquire, manage and sell copyrights, patents and licenses of all kinds. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also provide financing for its own account or for the account of third parties, as well as provide security for liabilities of affiliated companies.