The company's purpose is to provide comprehensive services in the hotel industry, including hotel management, telephone services, booking and reservation services, as well as incoming services. Furthermore, the company offers services in the field of real estate management and brokerage, including property management, brokerage services and related activities. The company may enter into all transactions, take measures and conclude contracts that are connected with or suitable to promote the company's purpose. The company may establish branches in Switzerland and abroad, acquire, hold and grant licenses, participate in companies of the same or related industries or acquire or establish and finance such companies. The company may acquire, manage and sell properties.