Operation of hotel establishments that the company may own or lease, development of real estate projects in this field, search for investors and implementation of these projects. The company may engage in any financial, commercial or industrial activity directly or indirectly related to its purpose; create branches or subsidiaries in Switzerland and abroad; participate in other companies in Switzerland and abroad, acquire companies with an identical or similar purpose or merge with such companies; acquire or sell real estate; grant loans or guarantees to shareholders or third parties if it serves its interests; carry out all operations and conclude all contracts that are suitable for developing and expanding its purpose or are directly or indirectly related to it.