The company's purpose is to acquire, hold, manage and sell participations in companies in Switzerland and abroad, which are particularly active in the real estate and tourism industries. Furthermore, the company may engage in all commercial, financial and other business activities that are intended and suitable to promote or facilitate the development of the company and the achievement of its purpose. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad. The company may acquire, hold and sell properties.