The company's purpose is the purchase, sale, construction, renovation and transformation of real estate, as well as the development and realization of hotel projects; all real estate transactions subject to or prohibited by the Federal Act on the Acquisition of Real Estate by Foreigners are excluded. The company may: carry out any financial, commercial or industrial activity, movable or immovable, directly or indirectly related to its purpose; create branches or subsidiaries in Switzerland and abroad; participate in all companies having a direct or indirect connection with its purpose, acquire such companies or merge with them; grant loans or guarantees to associates or third parties, if this serves its interests.