DALLAS— Pegasus Solutions has finalized its contract with Hotel Distribution System, LLC (HDS), a newly formed venture of Hilton Hotels Corp.; Hyatt Hotels; Marriott Hotels, Resorts and Suites; Six Continents Hotels; Starwood Hotels and Pegasus. In addition, Pegasus has transferred its consumer site, TravelWeb.com to HDS as part of Pegasus capital contribution to the venture. HDS was formed in February 2002 to distribute discount “net-rate” hotel rooms over the Internet. Utilizing the technology leadership of Pegasus, HDS plans to provide Internet sites with the ability to sell hotel rooms at net rates via direct connections to hotel central reservations systems.
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