The company's purpose is to operate hospitality establishments on its own account or on behalf of third parties, to trade in real estate and goods of all kinds, including import and export, and to provide services and consulting for the hospitality and hotel industry. The company is authorized to conduct all business and take all measures that are directly or indirectly suitable for serving the purpose of the company. In particular, it is authorized to establish branches in Switzerland and abroad, to participate in other companies in Switzerland and abroad, and to acquire, found, or manage companies on its own account or on behalf of third parties. The company may acquire, rent, and lease properties and objects, hold and sell them, conclude contracts, grant and take out loans.