Purchase, sale, exchange, rental and operation of hotels, restaurants, bars, discos and public catering establishments of all kinds, as well as all activities related to movable and immovable property. May establish branch offices in Switzerland and abroad, participate in or merge with other companies with similar or identical purposes. Purchase, sale, exchange, rental and operation of hotels, restaurants, bars, discos and public catering establishments of all kinds, as well as all activities related to movable and immovable property. May establish branch offices in Switzerland and abroad, participate in or merge with other companies with similar or identical purposes.