Purchase, sale, rental, brokerage and exploitation of all real estate properties. With regard to the purchase and sale of all real estate properties in Switzerland, these will be carried out with an exclusively commercial allocation. Acquisition, administration and management of participations in all companies or enterprises, particularly in the field of real estate and hospitality. With regard to the acquisition of participations in all companies or enterprises, particularly in the field of real estate and hospitality in Switzerland, this will be carried out with an exclusively commercial allocation. The company may carry out all financial, commercial, movable or immovable transactions directly or indirectly related to its purpose and may be interested in all similar companies in any form. It may also establish branches and subsidiaries in Switzerland and abroad.