The management, acquisition and sale of public establishments of all kinds, on its own account or on behalf of third parties, organized individually or in groups or chains, with or without accommodation, with or without food and beverage services, such as: residences, aparthotels, hotels, resorts, garnis, hostels, restaurants, bars, conference centers, wellness centers, thermal and recreational centers. The company may take over catering and catering activities as well as organize events and conferences. Within the scope of its corporate purpose, the company may buy and sell businesses and real estate, both in Switzerland and abroad, and carry out any other activity necessary to achieve its corporate purpose. It may acquire participations in other companies or operate mergers with other companies, both in Switzerland and abroad, and more generally exercise all commercial, financial or other activities that are directly or indirectly related to its corporate purpose.