The company's purpose is to create and operate infrastructure offering hotel and catering services, build and operate vacation homes and similar infrastructure, make financial, real estate and commercial investments of all kinds related to the hotel and catering industry, represent companies active in the hotel industry and all related commercial activities. The company may take participations in all companies engaged in similar and/or related activities in the real estate sector in the broadest sense and make loans to third parties or shareholders. It may establish branches 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, carry out any commercial and financial activity and make all transactions and conclude all contracts that are suitable for developing its purpose or are directly or indirectly related to it. The company may acquire, hold or dispose of real estate.