Robert James, MHM’s president, believed the consulting
and participation agreement for the Twin Sixties Hotel was
entered into to replace the income that Essex Partnership would
lose following the expected termination of MHM’s management
contract for the Allentown Hilton, as the Allentown Hilton was
then in the process of being sold.
                                -148-

percent from the 30 percent required under the original

agreement), 57 percent of its management fees from the Allentown

Hilton (an increase of 14 percent from the 43 percent required

under the original agreement), and 57 percent of its management

fees from the newly acquired Twin Sixties Hotel management

contract.   Exh. 350, exh. A.

help MHM obtain additional hotel

management contracts.

     Eulich was not familiar with IRA or THC and testified in

pertinent part:

     Kanter was the person whose influence and contacts that
     we wanted at MHM because of his--again, his involvement
     as one of the founders of Hyatt International, his
                                 -150-

     involvement with the Pritzkers, and his involvement,
     significant involvement with this Mullett Bay Resort.

          I mean, the