The purpose is the buying and selling and management of properties, in particular the property at Riehenring 91/Klingentalstrasse 89 in Basel, as well as the operation of hotels and catering businesses. The company may establish branches both domestically and abroad, participate in other companies, acquire other companies or sell acquired companies. It may acquire, manage and sell properties and securities. It may carry out all commercial and financial transactions that could be conducive to the realization of its purpose. It may grant and receive loans, provide guarantees and other securities, acquire, manage and exploit intellectual property rights.