The company's purpose is to operate tourist accommodation establishments such as hotels, holiday apartments and resorts in Switzerland and abroad, to manage and/or take over the management of such establishments, as well as to provide all related services. The company may establish branches and subsidiaries in Switzerland and abroad, participate in 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 provide financing for its own account or for third-party account, as well as grant guarantees and warranties for subsidiaries and third parties.