The company's purpose is to acquire, operate, promote and sell hotels and restaurants, hotel participations, catering establishments including staff accommodations and other tourist facilities in Switzerland. It can carry out all commercial and financial activities, also in the field of movable and immovable property, which are directly or indirectly related to the company's purpose. In particular, it can also acquire, manage, encumber, utilize and sell real estate and intellectual property rights, as well as finance other companies. Furthermore, it can establish branch offices. The company can conduct all business and take all measures that appear suitable to promote the purpose of the company or are related to it. The company can participate, in any form, in similar or related companies, as well as in those that promote the company's purpose, whether through the establishment of a new company by way of contributions in kind, subscription and exchange of securities or company rights, mergers, corporate associations or other means.