The company's purpose is to manage its own assets as well as to operate and manage public facilities, in particular hotels and catering establishments of all kinds; wholesale and retail trade on its own account and/or on behalf of third parties with goods related to the company's purpose. The company may establish branches in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire similar or related companies or merge with them, and enter into all transactions and conclude contracts that are suitable to promote the purpose of the company or are directly or indirectly related to it. It may acquire, manage, encumber and sell properties, intellectual property rights and licenses of all kinds.