Promus Hotel Corporation

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

History[edit]

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.[1]

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.

Brands[edit]

References[edit]

  1. ^ "The Lodging Industry - Rooms on the Run". California State University website. Retrieved 2007-06-06.