Acquisition of the Hôtel Colony Crans SA in Crans (Chermignon), comprising 1,673 m2 to be detached from art. No 12061, fol. 6, No 140, Pirrazilina, a 4,000 m2 forest, construction of a building with apartments and garages on the aforementioned plot and management and administration of the said building, rental of apartments and garages. The company may carry out all real estate, financial and commercial operations related thereto, without excluding the possibility of transformation into a condominium or multi-storey property.