GLG News Analyses of the following article:

Hilton Gets Subpoena Over Starwood Spying Claims

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Published at: www.reuters.com

Tom Botts, Partner

Tom BottsPartnerHudson Crossing What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

"Rossgate" Continues - Federal Grand Jury Subpeonas Documents From Hilton

April 21, 2009

-Potential huge distraction for both Hilton and Starwood -Hilton development pipeline may be crimped -New opportunities for other brands?

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