The company's purpose is to directly or indirectly manage, advise or finance hotel and gastronomy businesses. The company may establish branches and subsidiaries in Switzerland and abroad, participate in or acquire other similar companies in Switzerland and abroad, assume representations in its own name or on behalf of third parties, and conduct all business that is directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. The company may participate in group financing, in particular by granting loans to its direct or indirect shareholders or other group companies, or by providing guarantees or other securities of any kind for their liabilities to third parties, even if these loans or securities are in the exclusive interest of its direct or indirect shareholders or other group companies or are provided free of charge.