The company's purpose is to buy, sell, rent and lease real estate, as well as operate hotels and restaurants. It may establish branches in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire rights, patents, licenses and similar or related companies, or merge with such companies, acquire or sell properties to achieve the company's purpose, and enter into all transactions and conclude contracts that are suitable to promote the purpose of the company or are directly or indirectly related to it.