The company's purpose is to acquire, manage and sell real estate, operate hospitality businesses, conduct commercial transactions of all kinds, and assume and exercise fiduciary functions. The company may conduct all business that is suitable to promote the purpose of the company or that is directly or indirectly related to it. It may establish branches, offices or representations in Switzerland and abroad, acquire other companies or participate in other companies. It may manage assets on its own account or on behalf of third parties. It may conduct patent, license and other intellectual property transactions.