The company's purpose is to operate and manage hotel and gastronomy businesses. Furthermore, it organizes and conducts events of all kinds and procures the necessary equipment for this purpose. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, as well as conduct all business that is directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate and properties in Switzerland and abroad. It may also provide financing for its own account or for third-party accounts, as well as grant guarantees and sureties for subsidiaries and third parties.