The acquisition, holding, sale, management, and administration of shares in any companies or corporations, in Switzerland and abroad (holding company). It may also exercise, directly or indirectly, any financial, commercial, industrial, or service activities in the fields of hospitality and real estate. In this sense, it may acquire, hold, and dispose of real estate. The company may also grant loans to its shareholders, to affiliated companies, or to third parties, and act as a guarantor, provide securities, or guarantee any commitments made by its shareholders, affiliated companies, or third parties. Finally, it may carry out all commercial, financial, securities, or real estate operations directly or indirectly related to its purpose.