The company's purpose is to operate hotels and catering businesses as well as to provide all related services such as catering, and the import and export of goods of all kinds. The company may establish branches and subsidiaries in Switzerland and abroad and may 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, dispose of, and manage real property in Switzerland and abroad. It may also provide financing on its own account or for the account of others as well as provide guarantees and sureties for subsidiaries and third parties.