The purpose of the company is real estate brokerage, construction management, general contracting, rental services, property management and service activities, hotel and tourism development, travel organization and event agency, export, acquisition and development of commercial properties, participations, brokerage and acquisition of companies, manufacture and sale of and trade in hotels. The company is authorized to conduct all business and take all measures that serve the purpose of the company. For this purpose, it can also establish, acquire and participate in other companies in Switzerland and abroad. The company can acquire, encumber, sell, manage and operate real estate in Switzerland and abroad.