The company's purpose is the management and operation of hotel accommodations as well as all related services. The company may establish branches in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire companies with an identical or similar purpose, merge with such companies, and conduct all operations and conclude all contracts that serve to develop and expand its purpose or are directly or indirectly related to it, both in Switzerland and abroad. It may grant loans to associates or third parties if this serves its interests. The company has an indefinite duration.