The company's purpose is to acquire, hold, sell and lease hotels, accommodation establishments in Switzerland and abroad, properties and building rights abroad and properties and building rights in Switzerland that serve as permanent business establishments, as well as project developments in the hospitality sector. The company may establish branches and subsidiaries in Switzerland and abroad, engage in any business activities and conclude contracts of any kind that promote the development of the company and its subsidiaries and facilitate the achievement of the company's purpose. The company may acquire, manage, transfer and exploit intellectual property rights such as patents, trademarks and licenses, etc. and provide financing - for a fee or free of charge - for its parent, subsidiary or affiliated group companies, manage capital, and provide guarantees and sureties - for a fee or free of charge - for its parent, subsidiary or affiliated group companies. It may acquire, encumber, sell and manage real estate in Switzerland and abroad.