The company's purpose is the rental, sale and/or operation of inns, restaurants, rooms and all converging operations in Switzerland or abroad. The company may carry out any operation related to its corporate purpose, in particular acquire real estate. The company may open branches in Switzerland or abroad. Furthermore, the company may engage in any financial, commercial or industrial activity, whether movable or immovable, directly or indirectly related to its purpose in Switzerland or abroad. The company may grant loans or guarantees to associates or third parties if it serves the interests of the company.