Operation, management, acquisition, sale, leasing and subleasing of hotels, catering establishments and tourist facilities. May participate directly or indirectly in other companies and acquire, hold or dispose of real estate. The company may establish branches and subsidiaries in Switzerland and abroad, may provide financing for its own account or for the account of third parties, as well as guarantees and sureties for subsidiaries and third parties, and may participate in other companies in Switzerland and abroad, and conduct all business that is directly or indirectly related to its purpose.