The operation and consulting of hotels, para-hotel establishments, care centers and spas. The company may engage in all financial, commercial, industrial, movable or immovable activities, directly or indirectly related to its purpose or likely to promote its realization, conclude contracts that are intended to develop its activities or relate directly or indirectly to them, receive products in the form of interest, commissions and dividends, create branches and subsidiaries in Switzerland and abroad, take participations, acquire or create identical or similar companies, participate in all companies having a direct or indirect relationship with its purpose. It may carry out these operations both on its own account and on behalf of third parties. It may acquire, operate and dispose of real estate; it may grant loans and provide guarantees in favor of any person, in particular its associates and managers.