The company's purpose is to provide hotel and accommodation services, as well as all administrative and organizational services, for the benefit of individuals staying in Switzerland, including, but not limited to, those who are on vacation or have a justified longer stay in Switzerland. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and conduct all 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, and grant securities for liabilities of affiliated companies.