The company's purpose is to operate hotel, restaurant and catering businesses. It carries out commercial activities that require the accommodation and catering of guests. The company 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. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also 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. Furthermore, it may acquire, hold and sell securities, and grant loans.