-76-
Intercontinental Co., another large hotel management company,
were competing for the management contract.
A.N. Pritzker also was interested in having the Hyatt Corp.
manage the hotel because the Embarcadero Hotel then would become
the third or fourth Hyatt-operated hotel in the United States at
which major conventions could be held. As a result of Ballard’s
experience in negotiating the Houston Hyatt Hotel’s management
contract, Knab (Ballard and Lisle’s superior at Prudential)
directed Ballard to review and evaluate the terms of the proposed
management contracts to be considered for the Embarcadero Hotel.
Kanter addressed some tax issues on behalf of Hyatt Corp. with
regard to the Embarcadero Hotel. Kanter, Transcr. at 3669.
The Embarcadero Hotel was considered a spectacular property,
and both Del Webb and A.N. Pritzker wanted the management
contract for their respective companies. Ballard, Transcr. at
135-137, 142. Initially, Lisle was not interested in having
Hyatt Corp. manage the Embarcadero Hotel. Lisle opposed Hyatt
Corp.’s participation in the bidding on the Embarcadero Hotel
management contract because A.N. Pritzker had recently paid John
Portman to prepare a set of plans for another hotel in the Nob
Hill area of San Francisco. Ballard, Transcr. at 135-137.
However, Weaver, the Tenneco executive who had worked with
Ballard in developing the Houston Hyatt Hotel, eventually
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