Estate of Burton W. Kanter, Deceased, Joshua S. Kanter, Executor, and Naomi R. Kanter, et al. - Page 50

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            executives and individuals transacting business at Prudential’s                             
            headquarters office frequently stayed at the hotel.                                         
                  Ostroff first obtained a Hilton franchise for the Gateway.                            
            Although Hilton Hotels had been reluctant to grant Prudential a                             
            franchise, Ostroff obtained the franchise by pointing out to                                
            Hilton Hotels the other profitable business dealings it had with                            
            Prudential.                                                                                 
                  Ostroff next hired another hotel management company to take                           
            over the Gateway Hilton’s management and operation.  This                                   
            management company was owned by Stanley Cox (Cox), an experienced                           
            hotel manager Ostroff had known during Ostroff’s prior employment                           
            with Hilton Hotels.  At some point, Cox assigned John Connolly                              
            (Connolly) to be the Gateway Hilton’s onsite manager.  Ostroff                              
            was extremely successful in turning around and substantially                                
            improving the Gateway Hilton’s operating condition.  Prudential                             
            corporate headquarters executives eventually were proud to have                             
            other Prudential executives and business visitors stay at the                               
            hotel.  Prudential executives also made significant use of the                              
            hotel facilities for meetings and entertainment and were very                               
            pleased with the service that they and their guests received at                             
            the hotel.                                                                                  
                  Cox did not spend much of his own time actually running the                           
            Gateway Hilton.  Over the years, Cox delegated more and more                                
            duties in the hotel’s operation to Connolly.  In 1981, Connolly                             




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