The purpose of the company is the management of hotels and public establishments; the management and provision of services in the field of catering and hotel services; the design and realization of events as well as the production and sale of food and beverage products of any kind. The company may directly acquire interests and/or participations in other companies or enterprises both in Switzerland and abroad and may open branches both in Switzerland and abroad. It may also acquire, sell, administer, lease real estate, intellectual property rights and licenses. The company may perform all operations directly and indirectly related to the corporate purpose.