The company's purpose is to rent, manage and operate hotels and tourist facilities of all kinds. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad. The company may acquire, hold, manage, encumber, utilize and sell real estate and intellectual property rights in Switzerland and abroad. The company may provide direct or indirect financing to its direct or indirect subsidiaries and third parties, including its direct or indirect shareholders and their direct or indirect subsidiaries, and provide security for its own liabilities and those of other companies (including direct or indirect shareholders of the company or companies in which these shareholders are directly or indirectly involved), including by way of pledges, fiduciary transfers or assignments of the company's assets, or guarantees, sureties, or other forms of collateral. The company may also engage in cash pooling or join a cash pooling arrangement with the aforementioned companies, including periodic account balancing. The company may perform all of these activities without consideration, on preferential terms, without interest, without regard to the company's profitability, and assuming cluster risks. The company may engage in all commercial, financial, and other activities that appear to be suitable for promoting the company's purpose or are related thereto.
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