The company's purpose is to develop, operate and manage hotel establishments in Switzerland and abroad. The company may establish branches and subsidiaries in Switzerland or abroad. The company may acquire, hold and dispose of real estate (in Switzerland only those with exclusively commercial use). The company may acquire, hold and dispose of interests or participations in any company, business, activity or association without distinction, whether by intervention or otherwise, both in Switzerland and abroad, provided that the company may hold a participation in a real estate company in Switzerland if the real estate company's purpose is the acquisition of real estate with exclusively commercial use. The company may provide financial assistance, including loans, advances, guarantees or securities of all kinds, to its subsidiaries, sister companies, parent company or any other affiliated company, for consideration or free of charge. The company may also grant loans, advances, guarantees or securities of all kinds to third parties. The company may furthermore carry out all operations that are directly or indirectly related to its corporate purpose or that promote or facilitate its development.
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