The company's purpose is to operate public establishments, in particular inns, cafes, restaurants, guesthouses, hotels, and any activity in the tourism sector. The company may also: a) carry out all commercial, financial, movable or immovable transactions, provided they are not subject to the Federal Act on the Acquisition of Real Estate by Foreigners of December 16, 1983 (LFAIE); b) take participations in other companies; c) in general, carry out all operations having a direct or indirect connection with the company's purpose in Switzerland and abroad. The company may have subsidiaries or establish branches in Switzerland and abroad. It may grant loans or guarantees to associates or third parties if it serves its interests.