Doubletree Corp. and Promus Hotel Corp. agreed to merge in a $2.39 billion stock swap, creating the world’s third-largest hotel company with well-known brands such as Embassy Suites, Hampton Inn ...

Stockholders will retain their shares of Promus, which will represent the casino business. In addition, they will receive one share of the new hotel company for every two Promus shares currently held.

That is third behind No. 1 Holiday Inn and second-place Marriott. The combined company, to be called Promus Hotel Corp., has 1,136 hotels, approximately 172,000 rooms, and more than 40,000 employees.

000th hotel opened by the company since Hilton's highly successful acquisition of Promus Hotel Corporation at the end of 1999. Embassy Suites Hotels is one of the brands that joined the Hilton Family ...

while Promus has built a reputation as a scrappy fast-growing hotel company catering to travelers. “There are skills on both side that must be integrated together. I hope to harness their best ...

The chairman and chief executive of Hilton Hotels Corp. told Wall Street that his company had agreed to buy Promus Hotel Corp. for about $4 billion in cash, stock and assumed debt. The transaction ...

From 1997 to 1999, Mr. Kelleher was the president and chief operating officer of Promus Hotel Corporation, the successor company to the Doubletree and Guest Quarters hotel entities. Prior to that ...

company for $11.4 million. Equity Inns Partnership, a limited partnership with a $300 million portfolio of real estate investments, acquired the 6-year-old hotel from Promus Hotel Corp. on May 30.

Hotel company analysts say Hiltons are where guests from celebrities to corporate executives can be assured of top-notch service, total discretion and privacy. Promus serves a different clientele ...