Philadelphia-based Aramark will pick up 14 conference centersand university hotels in the deal. Included in the transaction areHarrison Conference Center at Glen Cove, NY; Harrison ConferenceCenter at Lake Bluff, IL; Inn at Harvard Square; Harvard SquareHotel; Bell Atlantic Learning Center and Center for ExecutiveEducation at Babson College, in Massachusetts; Roanoke Hotel andthe Roanoke Conference Center in Virginia; Merrill Lynch Conference& Training Center in New Jersey; University Place ConferenceCenter & Hotel in Indianapolis; Inn at the Colonnade inMaryland; R. David Thomas Center at Duke University; Carolina Innand Paul J. Rizzo Center in North Carolina.

"The acquisition supports our overall strategy of building andexpanding relationships with our existing clients," continuedAramark chairman and CEO Joseph Neubauer, adding that the deal"creates an ideal combination of their leadership and innovationwith our existing management team."

Beverly Hills-based Hilton acquired Harrison Conference Centersas part of its November 1999 acquisition of Promus Hotel Corp.Closing of the transaction, which is subject to customary closingconditions, is expected to be completed by the end of the secondquarter of this calendar year.

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