The company's purpose is to plan, construct and rent properties, as well as to take over and manage or lease one or more hotel and restaurant businesses with their associated facilities and equipment. The company may establish branches and subsidiaries and other legal entities in Switzerland and abroad, or invest in such entities, and conduct all business that is directly or indirectly related to its purpose. The company may acquire, develop, encumber, sell and manage real estate and other tangible or intangible assets. Furthermore, the company may provide direct or indirect financing to its direct or indirect subsidiaries and third parties, as well as their direct or indirect subsidiaries, and provide collateral of any kind for its own liabilities and those of other companies (including their direct or indirect subsidiaries and third parties, as well as their direct or indirect subsidiaries), whether paid or unpaid.