The company's purpose is to operate hotels, restaurants and other areas of the hospitality industry. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and 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, except for activities that are prohibited under the Federal Act on the Acquisition of Real Estate by Foreigners. It may also provide financing for its own account or for the account of third parties, as well as provide guarantees and sureties for subsidiaries and third parties.