The company's purpose is to acquire commercial properties, such as hotels, for the purpose of operating, renting and leasing them. Furthermore, the company aims to trade in antiques, works of art and goods of all kinds. In addition, the company aims to manage its own assets, in particular trading in stocks and securities of all kinds. The company may establish branches and subsidiaries and participate in other companies. The company is authorized to acquire, encumber, sell and manage properties in Switzerland and abroad. Moreover, it may conduct all business that is suitable to promote the development of the company and the achievement of its purpose.