The company's purpose is to develop, market and distribute hotel and residential concepts, operate apartments, hotels and gastronomic businesses in Switzerland and abroad, centralize management tasks for subsidiaries, controlling, accounting and organize and manage all other related businesses. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, as well as conduct all business directly or indirectly related to its purpose, in particular acquire patents, licenses and securities. The company may acquire, encumber, sell and manage real estate abroad. It may also provide financing for its own account or for third-party account, as well as provide guarantees and sureties for subsidiaries and third parties.