The company's purpose is the operation and management of hotels, restaurants, spas, the organization and provision of services in the tourism sector, the consulting of hotel and tourism establishments, para-hotel, spa and restaurant establishments. The company may engage in any financial, commercial, industrial, movable or immovable activity that is directly or indirectly related to its purpose or conducive to its realization, conclude contracts that are intended to develop its activities or relate directly or indirectly to them, receive products in the form of interest, commissions and dividends, establish branches or subsidiaries in Switzerland and abroad, take participations, acquire or establish identical or similar companies, participate in all companies having a direct or indirect relationship with its purpose. It may perform these operations for its own account as well as for the account of third parties. It may acquire, operate and dispose of real estate; it may grant loans and provide guarantees in favor of any person, in particular its associates and managers.