The company's purpose is to operate, manage, acquire and sell hotel and restaurant businesses of all kinds, as well as to provide all related services. Furthermore, the company may conduct any business that is suitable to promote the development of the company and the achievement of its purpose. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and conduct any business that is directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also provide financing for its own account or for the account of third parties, as well as provide securities such as guarantees and sureties for the liabilities of affiliated companies and third parties.