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THE PROMUS COMPANIES NAMES COLIN REED SENIOR VICE PRESIDENT CORPORATE DEVELOPMENT

 THE PROMUS COMPANIES NAMES COLIN REED
 SENIOR VICE PRESIDENT CORPORATE DEVELOPMENT
 MEMPHIS, Tenn., May 4 /PRNewswire/ -- The Promus Companies Incorporated (NYSE: PRI) has announced that Colin V. Reed will assume the new title of Senior Vice President Corporate Development. Reed has held the position of Vice President Corporate Development since 1988. The change is effective immediately.
 Reed, 44, has most recently led the company's development efforts for its Harrah's Casino Hotel brand, both domestically and internationally. He has also led the international strategic development activities for the company's hotel brands.
 Among recent announcements by Promus are plans for a riverboat casino based in Joliet, Ill., and the opening of the first Embassy Suites hotel outside of the United States just north of Toronto, Canada. The company is also involved in competitive bidding processes for Harrah's Casino Hotel projects in Brisbane, Australia and Auckland, New Zealand.
 "With 15 years of international experience in the casino and hotel businesses, Colin has made an increasingly greater impact in the company's strategic development efforts over the years," said Michael D. Rose, Chairman and Chief Executive Officer for Promus. "The elevation of Colin's position to the senior vice president level reflects the importance Promus places on business development."
 Reed joined the company in 1977 and has held numerous financial, administrative and development positions, including Vice President Finance and Administration for Europe, Middle East and Africa for Promus' predecessor company, Holiday Corporation.
 Reed is a native of Great Britain. Prior to joining the company, he held various financial and accounting positions with British firms.
 Promus is the parent company of these leading hospitality brands: Harrah's Casino Hotels, and Embassy Suites, Hampton Inn and Homewood Suites hotels.
 -0- 5/4/92
 /CONTACT: Ralph Berry, The Promus Companies Incorporated, 901-762-8629/
 (PRI) CO: The Promus Companies Incorporated ST: Tennessee IN: LEI SU: PER


DF -- CH002 -- 5932 05/04/92 10:30 EDT
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Publication:PR Newswire
Date:May 4, 1992
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