The company's purpose is to acquire, manage, develop and operate hotels as well as related real estate and services. This includes, in particular, the purchase, leasing, rental and sale of hotel properties, the management and operation of hotel businesses, and all related business activities. 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. 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.