The company's purpose is to acquire, hold and manage as well as to sell participations in Switzerland and abroad, in particular in the field of hospitality. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad. It may acquire, manage, transfer and exploit intellectual property rights such as patents, trademarks, etc. The company may acquire, sell and manage real estate. The company may carry out all commercial and financial transactions directly or indirectly related to its purpose.