The development and study of projects, in particular real estate projects for the construction of hotels and buildings in general, tourist, health and service facilities, market research and consulting in these areas; the management in Switzerland of public establishments in general and in particular of hotels, as well as wholesale and retail trade on its own account and/or on behalf of third parties of goods of all kinds; the operation in Switzerland of a general construction company; all architectural and civil engineering design work, promotion, site management, superstructure and infrastructure work, the assumption and execution of general contracts as a general contractor; participation in consortia and other similar companies. The company is authorized to establish branches, affiliated companies and foundations in Switzerland and may participate in other companies. The company is authorized to acquire and encumber land in Switzerland for its own use and/or to achieve its social purpose. The company is authorized to carry out any further activity aimed at achieving the social purposes and objects mentioned in the preceding paragraphs or in any way connected with them, and this throughout the entire territory of Switzerland.