The purpose of the company is to operate hotels, restaurants and bars. Furthermore, the company may engage in any activities that are suitable to promote or facilitate the development of the company and the achievement of its purpose (such as managing, operating, advising, leasing, renting and renting hotels, restaurants and catering establishments, as well as trading in catering articles). The company may participate in companies in Switzerland and abroad, acquire, encumber or sell real estate in Switzerland and abroad. The company may establish branches in Switzerland and abroad.