Hotel Online Press Releases 

First Tennessee Bank and First Tennessee Merchant Services Inc.
to Process Credit Card Transactions
for the Portfolio Hotels of Promus Hotel Corp.
DENVER - May 21, 1998 - First Tennessee Bank of Memphis, Tenn. (NASDAQ/NMS:FTEN -news), and its credit card processing subsidiary, First Tennessee Merchant Services Inc. (FTMSI) of Denver, will process credit card transactions for the portfolio hotels of Promus Hotel Corp. (NYSE: PRH - news) under an exclusive new five-year agreement with INNCO Purchasing and Project Management, Promus' purchasing subsidiary. The Promus Hotel Corp. portfolio includes the Doubletree Hotels and Guest Suites, Embassy Suites, Homewood Suites, Club Hotels by Doubletree and Hampton Inn/Hampton Inn & Suites hotel brands.

The contract establishes FTMSI as a member of INNCO's Preferred Supplier Network, which is comprised of an elite group of vendors for company-managed and franchised Promus hotels.

Stephen D. Pletcher, senior vice president of Promus and president of INNCO, said, ``We are pleased that our FTMSI partnership will bring extraordinary value to our Promus portfolio hotels. FTMSI has invested substantially in state-of-the-art technology and personnel to ensure the highest level of service for all Promus hotels.''

Ron Nation Sr., president of FTMSI, said, ``We are obviously very pleased with the confidence Promus has shown in First Tennessee Merchant Services. We have worked very hard to provide our hospitality industry customers with the solutions they need, the service they require and the quality they deserve.''

FTMSI provides electronic payment solutions to a variety of merchants and is one of the hospitality industry's largest processors of credit card transactions serving clients such as Westin Hotels & Resorts, Hilton Gaming and Holiday Hospitality. First Tennessee National Corp. (FTNC), parent company of First Tennessee Bank, is one of the 50 largest bank holding companies in the United States in asset size and market capitalization. FTMSI is part of FTNC's transaction processing national business line, which includes credit card merchant processing, MONEYBELT (automated teller machine network), First Express (nationwide check clearing operation) and other transaction-oriented cash management products. FTNC's common stock is traded over-the-counter on the Nasdaq Stock Market's national market system under the symbol FTEN.

Promus Hotel Corp. (NYSE: PRH - news) is the franchisor and an operator of the Doubletree Hotel and Guest Suites, Embassy Suites, Homewood Suites, Club Hotels by Doubletree, Hampton Inn, Hampton Inn & Suites, Embassy Vacation Resort and Hampton Vacation Resort brands. Based in Memphis, Tenn., the company serves guests in more than 1,200 hotels and more than 182,000 rooms and suites throughout the United States, Canada, Mexico, Latin America and Asia.

Bill Jager
 R.J. Nation

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