The management and administration of public establishments of any kind, in particular hotels, aparthotels, guesthouses and pensions, restaurants, inns, taverns, grottos, wine bars, breweries, ice cream shops, cafes, bars, tea rooms, nightclubs, discos and piano bars, and the performance of any activity directly or indirectly connected with the company's purpose. The company is authorized to establish branches, affiliated companies and foundations both in Switzerland and abroad, and may participate in other companies. The company is authorized to acquire and encumber properties both in Switzerland and abroad for its own use and/or to achieve its purpose. The company is authorized to carry out any further activity aimed at achieving the purposes and objects mentioned in the preceding paragraphs or in any way connected with them, both in Switzerland and abroad.