The company's purpose is to operate and manage hotels, restaurants and similar businesses. The company may also participate in other similar or related companies in Switzerland and abroad, acquire, manage and sell properties, enter into all transactions or conclude contracts that are suitable to promote the purpose of the company or are directly or indirectly related to the company's purpose, such as the promotion, use, management, reform, development, purchase and sale, lease or management of urban, agricultural and forestry, undeveloped or developed properties, whether in blocks or individual apartments, bungalows, apartments, business premises, hotels and restaurants, as well as the promotion and development of private and public settlements, whether designed for permanent residence or tourist purposes, and also the trade in goods or the provision of services of all kinds. It may also provide financing for its own account or for third-party account, as well as guarantees and sureties for affiliated or related companies and third parties.