The purpose of the company is to operate and finance hotels, restaurants and other gastronomic establishments, as well as to establish and manage assets and to acquire, finance, manage and sell participations in domestic and foreign companies of any kind, in particular companies active in the real estate sector. The company may establish branches and subsidiaries abroad and participate in other companies. The company is authorized to acquire, encumber, sell and manage real estate in Switzerland and abroad. The company may participate in group financing, in particular by granting loans to its direct or indirect shareholders or other group companies or by providing guarantees or other securities for their liabilities to third parties, even if these loans or securities are in the exclusive interest of its direct or indirect shareholders or other group companies and are granted free of charge.
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