The purpose of the company is the acquisition and operation of hotel and tourist facilities, leasing, execution and management of management mandates for such facilities in Switzerland, as well as personnel management, consulting in tourism matters, operation of PR and advertising agencies and a travel agency. The company may grant any type of financing, including loans, to its (direct or indirect) shareholders and their direct or indirect subsidiaries, both for consideration and free of charge, and provide guarantees or securities of any kind for the liabilities of such companies within the group, in particular by means of guarantees, sureties, pledges, fiduciary transfers or assignments of assets for security purposes, as well as assume indemnification obligations or any other obligations of this kind. The company may participate in cash pooling operations within the group. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad. The company may acquire, hold, encumber and sell real estate. The company may carry out all commercial, financial and other activities that are connected with the purpose of the company.