The company's purpose is to operate hotels and apartment houses, in particular to rent, manage and lease entire houses or individual apartments, to operate catering businesses, in particular to run restaurants, bistros and bars, to distribute beverages and food, and to organize cultural performances of all kinds, as well as to trade, import and export goods of all kinds. 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.