The company's purpose is to acquire and operate hotel, restaurant and seminar businesses, to rent out residential and commercial spaces, to provide services in the hotel and restaurant industry, to take over businesses in the tourism sector in the broadest sense, and to organize cultural events of all kinds. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and conduct all business that is directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also provide financing for its own account or for the account of third parties, as well as provide guarantees and sureties for its subsidiaries and third parties.