The company's purpose is to operate public establishments for accommodation, catering and/or beverage trade. The company may carry out all activities directly or indirectly related to its purpose. The company may establish branches and subsidiaries in Switzerland and abroad and participate in all enterprises in Switzerland and abroad that have a direct or indirect connection with its purpose. The company may acquire, hold, encumber, lease and dispose of real estate within the framework of its main business activity and except for operations prohibited by the LFAIE. The company may grant loans and guarantees to associates and third parties if it serves its interests.