Promus Hotel Corporation

Promus Hotel Corporation was a hotel management and franchise company based in Memphis, Tennessee.

History

Promus Hotel Corporation's beginnings are tied to the original Holiday Inn company in Memphis, Tennessee. By 1974 Holiday Inn had diversified into several businesses that included a meat processing company, furniture processing, and a bus line. In 1974 Holiday Inn began to refocus on its core business and sell off most of these non-core businesses. In 1990 Holiday Inn spun off the Promus Companies and then in 1995 the Promus Companies spun off Promus Hotel Corporation. cite web |url= http://web.csustan.edu/manage/harris/industry2.htm |title= The Lodging Industry - Rooms on the Run |accessdate=2007-06-06 |format= |work= California State University website]

On December 19, 1997, Doubletree Corporation and Promus completed a merger and Promus became a listed stock on the New York Stock Exchange.

Promus was then sold to Hilton Hotels Corporation for $3.7 billion in 1999 forming the Hilton Focused Service Group.

Brands

* Doubletree
* Embassy Suites
* Hampton Inn
* Homewood Suites

References