Bollenbach requested the meeting in a letter to Araskog on Friday. In the letter, Bollenbach also asked to address ITT's board if Araskog wouldn't meet with him.
"They indicated that they did not want to meet with us" in a letter, said Hilton spokesman Marc Grossman. The letter also said it was "inappropriate" for Bollenbach to address the board, Grossman said.
Beverly Hills, Calif.-based Hilton launched a cash tender offer for 50.1 percent of ITT's shares for $55 each on Friday. Hilton last week offered to acquire ITT, the owner of the Sheraton hotel chain and the Caesars World casinos, for $6.5 billion in cash and stock, and assume $4 billion of ITT's debt.
ITT spokesman Jim Gallagher didn't confirm or deny that ITT rejected Bollenbach's requests.
ITT has said that it expects its board of directors, which are meeting tomorrow in New York, to take 10 business days before making a recommendation to shareholders.
Hilton is expected to propose its own slate of directors before Feb. 13, to replace ITT's board of 11 directors, who are all up for re-election this year.
A Hilton-Sheraton combination would create the largest hotel operator in Hawaii.
In other Hilton news, Atlantic City, N.J.-based Claridge Hotel & Casino Corp. said it's in talks to be acquired by Hilton, which owns 35 percent to 40 percent of Claridge's outstanding bonds.
Claridge, which operates a struggling casino in Atlantic City, said Hilton may make a tender offer for the bonds it doesn't already own as part of a bankruptcy filing.
Claridge has $85 million 11 3/4 first mortgage notes due 2002. The company doesn't have any stock.
"Although negotiations are proceeding, there can be no assurance at this time that a satisfactory agreement will be concluded," said Claridge Chief Executive Robert Renneisen. He said Hilton is speaking to Claridge's financial adviser, Dillon, Read & Co.
Claridge, which is valued by analysts at about $60 million, would give Hilton 500 more hotel rooms for its Bally's Park Place casino, which is on the Boardwalk in front of Claridge.
Rooms are important because gamblers spend as much as three times more when they stay overnight, analysts said.
Any agreement with Hilton would have to be approved by bondholders, the company said.