The company's purpose is to operate, manage and manage all tourist and hotel structures for its own account or for the account of third parties, as well as all related activities. In this context, it may acquire, hold, lease, operate and develop real estate, including making it available to third parties, excluding any operation prohibited by the LFAIE. The company may acquire and administer participations, for its own account or for the account of third parties, in commercial or industrial enterprises, located in Switzerland or abroad, by acquiring shares, bonds, parts, holding claims or any other suitable form, taking patents and trademarks. The company may grant loans to shareholders or third parties, act as guarantor for loans subscribed by shareholders or third parties, guarantee these loans by issuing or pledging mortgage securities or by subscribing to any other financial commitment, pledge its assets to secure any claim. The company may carry out any commercial and financial activity, any investment or other activity directly or indirectly related to its purpose or which is suitable to achieve it. It may carry out these operations for itself or for the account of third parties, as a representative or agent, or have them executed on its behalf by third parties. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad.