<PAGE>   1
                              COMPANY SUBSIDIARIES
                                     AS OF
                                   12/31/97


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ACTIVE ENTITIES:
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AIRPORT UTILITIES, INC.
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BHAC CANADA INC.
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BHMC CANADA INC.
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BRISTOL ACQUISITION BEVERAGE COMPANY
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BRISTOL CALIFORNIA COMPANY
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BRISTOL CHAT-LEM, INC.
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BRISTOL BOSTON GOVERNMENT CENTER, INC.
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BRISTOL HHCL COMPANY
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BRISTOL HOSPITALITY BEVERAGE COMPANY
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BRISTOL HOSPITALITY COMPANY
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BRISTOL HOSPITALITY HOLDING COMPANY
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BRISTOL HOTEL ASSET COMPANY
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BRISTOL HOTEL BEVERAGE COMPANY
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BRISTOL HOTEL COMPANY
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BRISTOL HOTEL MANAGEMENT CORPORATION
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BRISTOL HOTEL OPERATING COMPANY
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BRISTOL HOUSE CLUB
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BRISTOL HTS COMPANY
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BRISTOL IP COMPANY
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BRISTOL LODGING BEVERAGE COMPANY
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BRISTOL LODGING COMPANY
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BRISTOL LODGING HOLDING COMPANY
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BRISTOL MILPITAS, INC.
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BRISTOL PENNSYLVANIA COMPANY
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BRISTOL PHILADELPHIA, INC.
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BRISTOL PLANO CLUB
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BRISTOL SALT LAKE, INC.
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BRISTOL SLC MANAGEMENT COMPANY
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BRISTOL ST. LOUIS COMPANY
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BRISTOL THOMAS CIRCLE, INC.
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CAFE BARRITZ
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DOWNTOWN TRENTON CORPORATION
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ENDLEASE, INC.
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GLENJON, INC.
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HARVEY HOTEL DFW, INC.
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HARVEY HOTEL MANAGEMENT CORPORATION
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HARVEY HOTEL PURCHASING COMPANY
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HARVEY HOTELS FINANCING I, INC.
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HARVEY HOTELS FINANCING II, INC.
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HARVEY HOTELS GENPAR, INC.
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HARVEY HOTELS LIMPAR, INC.
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HARVEY'S BAR/REMINGTON'S
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HH LAND COMPANY GENPAR, INC.
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<PAGE>   2

                            COMPANY SUBSIDIARIES
                                   AS OF
                                 12/31/97

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HOUSTON INNS SERVICE CO.
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HOWLETT ENTERPRISES, INC.
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LIMITED SERVICE INNS, INC. OF MISSISSIPPI
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MARSHALL MOTELS, INC.
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NATIONAL INNS, INC.
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PENROD CLUB
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PHILADELPHIA CENTER, INC.
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REDNOR, INC.
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SOLO'S
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INACTIVE COMPANIES:
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AUSTIN INNKEEPERS, INC.
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UNITED INNS, INC. OF TENNESSEE
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ACTIVE PARTNERSHIPS AND JOINT VENTURES:
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CENTER CITY HOTEL ASSOCIATES
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HARVEY HOTEL COMPANY, LTD.
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HARVEY HOTELS INVESTMENTS I, LTD.
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HARVEY HOTELS INVESTMENTS II, LTD.
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HHHC GENPAR, L.P.
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HI CHAT-LEM/IOWA-NEW ORLEANS JOINT VENTURE
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HI/THOMAS CIRCLE VENTURE
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MILPITAS JOINT VENTURE
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