The purpose of the company is to manage and operate hospitality establishments and to organize events of all kinds. The company may engage in trade with goods of all kinds. The company may manufacture food and buy and sell such products. The company may also acquire, exploit, grant and sell licenses. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, as well as 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.