Mr. Harrison has had a distinguished career as a senior level executive specializing in corporate finance and strategy. He formerly served as Vice President, Business Development of USFG Corporation. In this position, he held a leadership role in evaluating strategic alternatives and leading the company's merger and acquisition program. Prior to joining USFG, he served as Vice President, Corporate Finance of Alex. Brown Sons, Incorporated. He began his career as an attorney specializing in MA and corporate finance at the law firm of Cravath, Swaine Moore.

"We are very pleased about the caliber of financial experience and enthusiasm Bill will bring to our treasury and merger and acquisition initiatives," said Dan Hale, executive vice president and chief financial officer. "His insight and leadership will be integral factors in the ongoing growth and success of Promus Hotels." Mr. Harrison received a JD from Columbia University School of Law and BA in economics and classics from Williams College.

Mr. Harrison will replace Carol Champion, who will be leaving the company to pursue other interests. Promus Hotel Corporation is one of the world's premier lodging companies, with system-wide annual revenues of over $5 billion. The company operates, franchises or owns hotels throughout the United States and in Canada, Mexico and Latin America. It is the franchisor and operator of the Doubletree Hotels and Guest Suites, Embassy Suites, Homewood Suites, Club Hotels by Doubletree, Hampton Inn, Hampton Inn Suites, Embassy Vacation Resort and Hampton Vacation Resort brands. The company also manages non-Promus branded hotels as well as facilities in its University Hotel Conference Center division.