Providing guest rooms as well as all services in the field of hospitality, including the use of cleaning or service personnel. The company may undertake all movable and immovable property transactions and conclude all contracts that are of a nature to develop its purpose or relate directly or indirectly thereto; exercise any financial, commercial or industrial activity directly or indirectly related to its purpose; create branches or subsidiaries in Switzerland and abroad; participate in any enterprises having a direct or indirect relation to its purpose; grant loans or guarantees to associates or third parties, if this promotes its interests.