PROMUS PLANS TO EXPAND VACATION OWNERSHIP PORTFOLIO

Source: Promus Hotel Corporation

February 3, 1999
Promus Hotel Corporation has named Ronald C. Muzii, Jr. as Vice President of Development for Promus Vacation Resorts (PVR). Mr. Muzii will focus on the expansion of PVR's timeshare portfolio, which includes the Embassy Vacation Resorts and Hampton Vacation Resort brands.

Muzii brings more than fifteen years experience in the acquisition and development of resorts and hotels. As a real estate broker in Florida, he facilitated the acquisition and/or financing of over $300 million in hotel,
timeshare and golf course projects and also has extensive experience in the development and sale of resort condominiums.

Promus Hotel Corporation is one of the world's premier lodging companies, with annual revenues of over $5 billion. The franchisor and operator of the Doubletree Hotels and Guest Suites, Embassy Suites, Homewood Suites, Club Hotel by Doubletree, Hampton Inn, Hampton Inn & Suites, Embassy Vacation Resort and Hampton Vacation Resort brands, Promus operates, franchises or owns hotels throughout the United States and in Canada, Mexico and Latin America. The company also manages non-Promus branded hotels as well as facilities in its University Hotel & Conference Center division.