The company's purpose is to acquire, finance, hold, manage, administer and sell participations, in particular in the hospitality sector, as well as to perform all functions associated with a holding company. 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 that is directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate, patents, licenses, know-how and other intangible property rights in Switzerland and abroad. It may also provide financing on its own account or on behalf of third parties, as well as grant guarantees and warranties for subsidiaries and third parties.