The Company's purpose is the purchase, construction, ownership, and development of hotel and commercial real estate assets, as well as their operation. The Company may, either for its own account or for the account of third parties, carry out all financial, commercial, industrial, movable and immovable property transactions, in Switzerland and abroad, directly or indirectly related to the main purpose; create branches or subsidiaries in Switzerland and abroad; participate in all enterprises having a direct or indirect connection with its purpose; grant loans or any other form of financing to, and provide securities of all kinds, directly or indirectly for the benefit of its shareholders, companies of the same group or third parties, in particular in the form of guarantees, pledges or securities over the assets of the Company.