The purpose of the company is: to acquire participations in Switzerland and abroad; to study, develop and realize all service performances in the field of hospitality and catering; to acquire and sell movable and immovable property, except for operations prohibited by the Federal Act on the Acquisition of Real Estate by Foreigners (LFAIE); to execute placements; to grant loans. The company may also: a) carry out all commercial and financial transactions; b) in general, carry out all operations having a direct or indirect connection with the company's purpose in Switzerland and abroad, as well as conclude all contracts suitable for developing its purpose or relating directly or indirectly thereto; c) the company may have subsidiaries or establish branches in Switzerland and abroad.