The company's purpose is to promote, construct and operate in the field of real estate, tourism and leisure. It may carry out all necessary commercial activities to achieve this purpose, including in particular tasks of promotion, marketing, reception, information, animation and development. The company may also: a) carry out all commercial, financial, movable or immovable transactions, the latter provided they are not subject to the LFAIE of December 16, 1983; b) take participations in other companies; c) in general, carry out all operations having a direct or indirect connection with the company's purpose in Switzerland and abroad. The company may have subsidiaries or establish branches in Switzerland and abroad.