The company's purpose is to provide services related to accommodation and catering, in particular the operation of hotels and restaurants. The company may establish branches and subsidiaries in Switzerland and abroad, and participate in other companies in Switzerland and abroad; it may grant and acquire licenses, grant and assume representations, and carry out all commercial, financial and other activities that are connected with the company's purpose. The company may acquire, hold and sell real estate. Furthermore, the company may grant loans or other financing to its direct or indirect parent company and their direct or indirect subsidiaries, and provide collateral of all kinds for its own liabilities and for the liabilities of such other companies, in particular in the form of guarantees, pledges, global assignments, security transfers, security assignments and indemnification agreements. The company may also provide services in the interest of other group members, even on preferential terms, excluding the company's pursuit of profit and assuming cluster risks.
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