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   ARAMARK Completes Acquisition of the Harrison
Conference Centers from Hilton Hotels Corporation
for Approximately $49 million in Cash
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PHILADELPHIA - June 21, 2002 - ARAMARK (NYSE:RMK), a world leader in managed services, announced today that it has completed the acquisition of the Harrison Conference Centers portfolio of conference centers and university hotels from Hilton Hotels Corporation for approximately $49 million in cash.
 
The transaction includes 11 Harrison Conference Center facilities, including: the Merrill  Lynch Conference and Training Center in Princeton, N.J.; the Inn at Harvard and Harvard  Square Hotel in Cambridge, Mass.; the Harrison Conference Center at Glen Cove in Glen  Cove, N.Y.; and the Harrison Conference Center at Lake Bluff, in Chicago, Ill. 

Harrison Conference Center
at Lake Bluff
Green Bay Road
Lake Bluff, Illinois
.
ARAMARK's conference center and collegiate hotel portfolio currently provides total conference center services -- including conference planning, sales and marketing, hotel accommodations, dining and catering, audio/visual support services, transportation, custodial and housekeeping, front office, information 
technology and telecommunications, grounds and facilities maintenance, clerical support, recreation and security -- at collegiate hotels, conference centers and training facilities. 

ARAMARK now operates more than 70 conference centers and university hotels in North America and Europe and an additional 48 conference centers in Japan, via the company's joint venture there. In the United States, ARAMARK conference centers include the Procter & Gamble Learning Center in Cincinnati, Ohio; the United States Postal Service's W.F. Bolger Center for Leadership Development in Potomac, Md.; and the Steinberg Conference  Center at the University of Pennsylvania's Wharton School, in Philadelphia, Pa.  Internationally, ARAMARK conference centers include the German Foundation for  International Development in Germany and the Canon Seminar House in Japan.

About ARAMARK
ARAMARK is a $9 billion world leader in providing managed services, including food, facility and other support services, uniform and career apparel and childcare and early education. ARAMARK has leadership positions serving the business, education, healthcare, government, sports and recreation sectors. ARAMARK is ranked No. 1 in the outsourcing services category and is among the Top 50 companies overall in FORTUNE Magazine's 2002 "Most Admired Companies in America." Headquartered in Philadelphia,
ARAMARK has approximately 200,000 employees.

The Private Securities Litigation Reform Act of 1995 provides a safe harbor from civil litigation for forward-looking statements that reflect our current views as to future events and financial performance with respect to our operations.     

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Contact:
ARAMARK
Ted Hill, 215-238-3361
[email protected]
http://www.aramark.com

Also See Hilton Hotels to Sell its Harrison Conference Center and University Hotel chain to Aramark for Approximately $55 million in Cash; The Transaction Includes Two Owned, Two Leased and Ten Managed Properties / May 2002 
Planning a Dinner Party for Thousands? It's No Problem for ARAMARK at the Houston Astrodome / Sept 1998 


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