The company's purpose is to acquire and permanently manage businesses in the tourism, hotel and catering industries in Switzerland and abroad, to manage participations in such businesses and to carry out financing related thereto. 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 account or for the account of third parties, as well as grant guarantees and sureties for subsidiaries and third parties.