The company's purpose is to operate restaurants and hotels. Acquisition, ownership, management, sale, trade and financing of participations in other companies. Trade in goods of all kinds. The company may establish branches, business premises and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland or abroad, as well as conduct all business that is directly or indirectly related to its purpose. It may acquire, hold, manage, encumber and sell real estate in Switzerland or abroad. It may provide financing for its own account or for the account of third parties, as well as grant guarantees and sureties for subsidiaries and third parties.