The purpose of the company is: 1) The management, operation, administration and leasing of hotel and gastronomy companies on its own account and on behalf of third parties; 2) The purchase, holding, management, rental and sale of real estate. In the course of real estate management, it can renovate or rebuild existing buildings or construct new ones. The company can establish branches and subsidiaries in Switzerland and abroad, participate in other companies of any kind, take over representations and enter into all transactions and contracts that may be suitable to promote the purpose of the company; or that are directly or indirectly related to it. It can also enter into financing for its own account or for third-party account, as well as guarantees, sureties and pledge agreements for affiliated companies and third parties. It can acquire, lease, rent, manage, encumber and sell real estate in Switzerland and abroad. Furthermore, the company can acquire, lease, hold, license or sell all types of intellectual property rights. The company can acquire, hold, manage or sell any kind of debt or securities, within Switzerland or abroad.