PHOENIX, Nov. 13 - Doubletree today announced that Richard M. Kelleher has been named president and chief executive officer of the Company. Kelleher is currently president and chief executive officer of Doubletree's operating subsidiary, Doubletree Hotels Corporation, and is a member of Doubletree Corporation's Board of Directors.

"With our recent acquisition of Red Lion Hotels we have dramatically increased our size and scope, and it is important for us to have a chief executive at the holding company level with responsibility for overseeing the newly combined corporation and exploring additional avenues for growth," said Richard J. Ferris, co-chairman of Doubletree Corporation. "Rick has done an exceptional job building and leading a top-notch management team and overseeing our hotel operations during a period of great change, and he will continue to be instrumental in solidifying Doubletree's position as a premier brand name in upscale lodging."

Kelleher has served as president and chief executive officer of Doubletree Hotels Corporation since December 1993 and as a director of the Company since July 1995. Kelleher co-founded Beacon Hotel Corporation in 1983 and became the president of Guest Quarters Hotels in 1986, after its merger with Beacon Hotels.

Doubletree Corporation is a leading hotel management company and the exclusive franchisor of Doubletree Hotels, Doubletree Guest Suites and Club Hotels by Doubletree hotel brands.

Doubletree Corporation Names William L. Perocchi To Board

PHOENIX, Nov. 13 - Doubletree Corporation announced today that William L. Perocchi, executive vice president, chief financial officer and treasurer, has been named a director of the Company, increasing the size of the Board to eleven.

"Bill has played a critical role in executing the Company's growth strategy over the past few years and was a key player in the recently completed RFS and Red Lion transactions," said Richard J. Ferris, co-chairman of Doubletree Corporation. "This appointment is a reflection of his invaluable leadership as we continued to build one of the premier hotel management companies in the industry."

Perocchi joined the Company in 1992 and has held his current position since December 1993. Previously he spent 10 years with the General Electric Company in a variety of financial management positions.

Doubletree Corporation is a leading hotel management company and the exclusive franchisor of Doubletree Hotels, Doubletree Guest Suites and Club Hotels by Doubletree hotel brands.

David Trumble
Director, External Communications
602-957-5753
Doubletree Corporation