The company aims to operate the management of hotels as well as the planning, realization and management of real estate projects on its own or on behalf of third parties. Furthermore, it aims to provide management and consulting services to third parties. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, as well as conduct all business that is directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also provide financing for its own or third-party accounts, as well as guarantees and sureties for subsidiaries and third parties.