The company provides accommodation services (such as guest rooms) and related services. In addition, the company may participate in, establish, acquire, and merge with other companies of any kind, both domestically and abroad. It may acquire, encumber, and dispose of real estate and intellectual property rights, both domestically and abroad, and establish branches and agencies in Switzerland or abroad by resolution of the management. The company may engage in all commercial, financial, and other activities that are connected with the company's purpose. Furthermore, the company may grant loans or other financing to its direct or indirect parent company, as well as to other group companies or third parties, and provide security of any kind for liabilities of such other companies or third parties, including by way of pledges on or fiduciary transfers of the company's assets or guarantees of any kind, whether against payment or not.