The company, founded in 2009, operates the Steigenberger Hotel Stadt Lörrach and all related services and businesses. The corona crisis has had a massive negative impact on the operations of the Hotel Stadt Lörrach, in particular due to the tourist accommodation ban, the associated absence of business customers and trade fair visitors as well as the collapse of flight business at the nearby Mühlhausen / Basel airport. The operating company is striving for a neutral and solution-oriented restructuring and has therefore filed for insolvency under self-administration.