The company's purpose is to acquire, hold, encumber and dispose of real estate, building rights and other usage rights in Switzerland and abroad (in any direct or indirect form), as well as to develop, plan, market, project, build, operate, manage, rent and lease properties and buildings of all kinds, including hotels, aparthotels, restaurants and other hospitality establishments, apartments, holiday homes and villas, second homes and commercial properties, as well as the infrastructure facilities and buildings required for their construction, operation and maintenance. The company also aims to manage and operate hotels, aparthotels, restaurants and other hospitality establishments, as well as to provide related services in Switzerland and abroad. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad. The company may acquire, hold, manage, encumber, exploit and dispose of intellectual property rights in Switzerland and abroad, as well as finance other companies. The company may grant direct or indirect financing to its direct or indirect subsidiaries and third parties, provide collateral of all kinds for its own liabilities and those of other companies, or provide guarantees, sureties or other forms of security for the obligations of the company or these other companies, whether remunerated or not. Furthermore, it may engage in cash pooling with the aforementioned companies, including periodic account balancing, or join such an arrangement. The company may engage in all commercial, financial and other activities that appear suitable to promote the company's purpose or are related thereto.