Operation and ownership of hotels and establishments offering accommodation, entertainment or catering services, as well as the provision of hotel and para-hotel services. In the course of its activities, the company may carry out real estate transactions such as the acquisition, construction, rental, operation and sale of any property or real estate right, except for transactions subject to or prohibited by the Federal Law on the Acquisition of Real Estate by Foreigners. It may carry out any commercial and financial transaction, as well as any form of advice, directly or indirectly related to its purpose. It may register branches and subsidiaries in Switzerland and abroad, as well as acquire, hold, manage and sell participations in other entities. The company may grant loans or any other form of financing to companies of the same group, as well as provide any type of security, for the direct or indirect benefit of companies of the same group or third parties, in particular in the form of guarantees, pledges or securities on the company's assets.
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