-150-
involvement with the Pritzkers, and his involvement,
significant involvement with this Mullett Bay Resort.
I mean, the man--he knew a lot of people in the
hotel business, and he knew people who owned the types
of properties that we wanted, and we were not able to
attract, because we were running the two-story, you
know, freeway-oriented motels. [Eulich, Transcr. at
1633-1634.]
Eulich realized his goal of increasing MHM’s hotel
management business would take some time, as owners of large
hotels did not frequently change hotel management companies with
which they did business. In addition, MHM needed to increase its
level of experience and expertise in managing and operating large
hotels. The arrangement thus described involving Essex and its
partners was apparently satisfactory to all who were involved
with Essex irrespective of the disparate contributions among its
partners.
Connolly could not explain the benefits that GHM would
receive under the GHM/Essex agreement; he did not expect anyone
at Essex Partnership to perform liaison functions between himself
and Prudential. Connolly, Transcr. at 2641-2644. Such a
function or service would be unnecessary because Connolly
believed that he had a “pretty solid relationship with all the
people at Prudential.” Id. at 2643.
Formby did not know what liaison functions Essex Partnership
was expected to perform for GHM, and he believed that no such
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