The company aims to manage hotels operationally and to plan, implement and manage real estate projects on its own account or on behalf of third parties. Furthermore, it aims to provide management and consulting services to third parties. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, as well as conduct all business that is directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also provide financing for its own account or on behalf of third parties, as well as provide guarantees and sureties for subsidiaries and third parties.