The company's purpose is to operate hotels and catering establishments. It can conduct all related business. The company can establish branches and subsidiaries in Switzerland and abroad; participate in other companies in Switzerland and abroad; conduct all business directly or indirectly related to its purpose; acquire, encumber, sell and manage real estate in Switzerland and abroad; provide financing for its own account or for third-party account, as well as provide guarantees and sureties for subsidiaries and third parties.