Construction, purchase, sale, rental and planning of real estate as well as trade in vehicles. May act as a consultant in related fields and trade in such products. Furthermore, management of one or more restaurant and/or hotel operations as well as provision of services in the hotel and catering industry. 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, acquire, encumber, sell and manage real estate in Switzerland and abroad, also arrange financing for its own account or for third-party account and provide guarantees and sureties for subsidiaries and third parties.