The company's purpose is the acquisition, holding and sale of real estate, the management of hotel and catering activities; it may participate in other companies, manage such participating companies and finance their projects. The company may open branches in Switzerland and abroad, participate in other companies of any kind, assume representative functions and conclude all operations and contracts that could be suitable to promote the purpose of the company or that are directly or indirectly related to it. It may also grant loans on its own account or on behalf of third parties, as well as guarantees and pledge transactions for affiliated companies and third parties. It may acquire, rent, lease, encumber and sell real estate in Switzerland and abroad. The company may acquire, hold, manage or sell any type of debt or securities in Switzerland or abroad.