The purpose of the company is: the management of public establishments, in particular hotels, aparthotels, guesthouses and pensions; restaurants, inns, taverns, grottos, canvetti and breweries; cafes, bars and tea rooms; nightclubs, discos and piano bars, as well as wholesale and retail trade on its own account and/or on behalf of third parties of goods of all kinds. The company may acquire, encumber, hold, alienate real estate and, in general, carry out any activity in direct or indirect relation to the company's purpose, both in Switzerland and abroad. The company may participate in other companies and establish branches and subsidiaries, affiliated companies, as well as foundations, and may participate in other companies, both in Switzerland and abroad.