<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FINANCIAL STATEMENTS OF PROMUS HOTEL FOR THE PERIOD ENDED DECEMBER 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> DEC-31-1998 <CASH> 6,466 <SECURITIES> 0 <RECEIVABLES> 101,742 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 152,693 <PP&E> 1,109,868 <DEPRECIATION> 0 <TOTAL-ASSETS> 2,474,001 <CURRENT-LIABILITIES> 181,986 <BONDS> 770,688 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 875 <OTHER-SE> 1,157,820 <TOTAL-LIABILITY-AND-EQUITY> 2,474,001 <SALES> 0 <TOTAL-REVENUES> 1,107,289 <CGS> 0 <TOTAL-COSTS> 803,914 <OTHER-EXPENSES> (10,390) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 61,917 <INCOME-PRETAX> 269,669 <INCOME-TAX> 115,581 <INCOME-CONTINUING> 154,088 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 154,088 <EPS-PRIMARY> 1.79 <EPS-DILUTED> 1.78