The company's purpose is to manage, administer, advise, franchise, acquire and sell hotel and hotel-like operations, as well as all other activities related to the hospitality industry and tourism in Switzerland and abroad. The company may participate in other companies in Switzerland and abroad, acquire, sell and manage real estate, only in connection with the main purpose and with the exception of transactions prohibited by the Federal Act on the Acquisition of Real Estate by Foreigners, hold and manage capital investments of all kinds, and establish branches and subsidiaries in Switzerland and abroad. It may also provide financing on its own account or on behalf of third parties, as well as provide guarantees and sureties for subsidiaries and third parties.