The company's purpose is to operate and manage hotels, restaurants, pubs and dance clubs. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad. It may acquire, encumber, sell and manage real estate in Switzerland and abroad, as well as plan and implement construction projects. The company may grant loans and other direct or indirect financing to group companies and third parties, including its (direct and indirect) shareholders and their group companies, and provide security for their liabilities of any kind, including by way of pledges on or fiduciary transfers of the company's assets or guarantees of any kind, whether remunerated or not. It may also acquire, manage and sell copyrights, patents and licenses of all kinds, acquire or merge with similar or related companies. The company may engage in all commercial, financial and other activities and conduct business that is directly or indirectly related to the company's purpose.