The company's purpose is to operate, manage, franchise, administer and develop hotels, restaurants and other hospitality businesses in Switzerland and abroad. It can hold participations in other companies, acquire, manage and sell real estate, and conduct all business activities that are directly or indirectly related to its purpose. The company can establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and conduct all business activities that are directly or indirectly related to its purpose. The company can acquire, encumber, sell and manage real estate in Switzerland and abroad. It can also provide financing for its own account or for the account of third parties, and grant securities for the liabilities of affiliated companies.