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Hampton by Hilton, formerly (and still commonly called) Hampton Inn or Hampton Inn & Suites, is an American chain of hotels trademarked by Hilton Worldwide. [2] The Hampton hotel brand is a chain of moderately priced, budget to midscale limited service hotels with limited food and beverage facilities.
Promus Hotel Corporation's beginnings are tied to the original Holiday Corp., which was based in Memphis, Tennessee.Holiday Corp. owned the Holiday Inn hotel chain, but significantly higher competition in the hotel industry and a 1987 financial restructuring that left Holiday Corp. heavily in debt prompted Holiday to sell in August 1989 its Holiday Inn chain (including Crowne Plaza [1]) for $2 ...
The Hilton Memphis [4] is the tallest hotel in Memphis, Tennessee, United States. [ 3 ] Located off Interstate 240 in East Memphis . the 27-story hotel was designed by Hawaiian-born Memphis architect Francis Mah [ 2 ] and was built by Boyle Investment. [ 1 ]
In 1998, Hilton spun off its gambling operations into a separate, publicly held company called Park Place Entertainment (later Caesars Entertainment, Inc.) [53] In 1999, Hilton acquired Promus Hotel Corporation, which included the DoubleTree, Red Lion, Embassy Suites, Hampton Inn, and Homewood Suites brands. [54]
To effect the sale of the Holiday Inn hotel business to Bass PLC, Promus was created as a corporate spin-off, holding Harrah's, Embassy Suites, Homewood Suites, and Hampton Inn; Bass then acquired Holiday Corp., which retained only the Holiday Inn assets. [9] The next year, the company's headquarters moved from Reno to Memphis, Tennessee.
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The Doubletree Corporation later merged with the Promus Hotel Corporation in December 1997, bringing together the DoubleTree, Red Lion, Hampton Inn, and Embassy Suites brands. [15] In December 1999, Hilton Hotels Corporation acquired Promus Hotel Corporation, which brought Doubletree Hotels and other Promus hotel brands under the umbrella of ...
The first Homewood Suites was founded in Omaha, Nebraska in 1989. [2] For the next ten years, the hotel chain was owned by Memphis-based Promus Hotel Corporation, which also owned Embassy Suites, Hampton Inn and Doubletree. Hilton purchased Promus in 1999 for $3.1 billion, making Homewood Suites a Hilton brand alongside the other three Promus ...
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