The company's purpose is to operate restaurants, hotels and other related businesses, produce food and beverages, trade in goods of all kinds, provide catering services and generally offer hospitality services. The company may establish branches and subsidiaries in Switzerland and abroad, participate in or acquire other companies in Switzerland and abroad, and conduct all business directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also acquire, manage and sell intellectual property rights and securities, arrange financing for its own account or for third parties, and provide guarantees and sureties for subsidiaries and third parties.