The company's purpose is to operate a restaurant and hotel business. The company may enter into all commercial, contractual and financial transactions that are suitable to promote the purpose of the company or that are directly or indirectly related to it. Furthermore, it may establish branches in Switzerland and abroad and participate in or merge with other companies. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also grant loans and financing for its own account or for the account of third parties, as well as provide guarantees and sureties for subsidiaries and third parties.