Management of hotel and gastronomy operations as well as provision of all related services, such as catering and party services, organization of courses and events, purchase and sale of products and goods of all kinds, and rental of rooms. May establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and conduct all business that is directly or indirectly related to its purpose, acquire, encumber, sell and manage real estate in Switzerland and abroad, and also arrange financing for its own account or for the account of third parties, as well as provide securities for liabilities of affiliated companies.