Exhibit 23.2

                    Consent of Independent Public Accountants



                    Consent of Independent Public Accountants

     As independent public accountants, we hereby consent to the incorporation
by reference in this registration statement on Form S-8 of our reports dated
February 6, 1996 included in or incorporated by reference in Promus Hotel
Corporation's Form 10-K for the year ended December 31, 1995 and to all
references to our Firm included in this registration statement.


                                       ARTHUR ANDERSEN LLP


Memphis, Tennessee
December 6, 1996