Acquisition, operation and management of hotels and restaurants, in particular the acquisition, operation and management of the "Hotel Seehof" in Walenstadt. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire, encumber, sell and manage real estate in Switzerland and abroad, provide financing for its own account or for third-party account, as well as grant guarantees and warranties for subsidiaries and third parties.