-75-
first introduced Kanter to Lisle as one of Hyatt Corp.’s
representatives during the period 1968 to 1970 in connection with
the Houston Hyatt project. Exh. 2030, at 10-11. Beginning in
1970, Lisle oversaw the development and construction of the
Houston Hyatt Hotel as president of PIC Realty. Ballard,
Transcr. at 115, 119; Exh. 2030, at 2.
During the early 1970s, before the Houston Hyatt Hotel was
completed, Prudential was also participating in a joint venture
to develop and own the Embarcadero Hotel in San Francisco. Along
with Prudential, the other partners in the Embarcadero Hotel
project were David Rockefeller, Trammel Crow, and John Portman
(an architect). Ballard, Transcr. at 130; Friend, Transcr. at
759. As none of the joint venture participants possessed the
experience, knowledge, and skill needed to manage and operate the
hotel, they endeavored to have an experienced major hotel
management company operate the hotel under a long-term management
contract.
Lisle was supervising the Embarcadero Hotel’s development
for Prudential and was involved with Prudential and the other
joint venture participants in the selection of a management
company to manage the hotel. Del Webb, a well-known hotel
operator and owner of a large hotel management company, and
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