Planet Hollywood
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| Type | Privately held company |
|---|---|
| Industry | Theme restaurant |
| Founded | October 22, 1991 in New York (USA) |
| Headquarters | Orlando, Florida |
| Key people | Robert Earl, Founder Sylvester Stallone, Arnold Schwarzenegger, Bruce Willis, Demi Moore and Baron Montague of Oxford, financial backers |
| Website | planethollywood.com |
Planet Hollywood, a theme restaurant inspired by the popular portrayal of Hollywood, was launched in New York on October 22, 1991, with the backing of Hollywood stars Sylvester Stallone, Bruce Willis, Demi Moore, and Arnold Schwarzenegger.
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History [edit]
Planet Hollywood was the brainchild of Robert Earl, former President and CEO of Hard Rock Cafe and Keith Barish, financier, real estate developer and film producer (Sophie’s Choice, The Fugitive, Running Man, Nine ½ weeks, Monster Squad).[1] Planet Hollywoods were modeled after the Hard Rock formula. Earl recruited many former Hard Rock veterans to open new PH stores. Movie star "owners" received stock options at rock bottom price in exchange for their endorsement, thus they could be billed as legal owners.
In 1994, Planet Hollywood founded the Official All Star Café sports-themed restaurant chain. In April 1996, Planet Hollywood went public. The company's share price reached all-time high of $32 on the first day of trading and went down to less than $1 by 1999. The company has gone bankrupt twice.[2] Nearly 100 stores have closed worldwide, leaving about 9 Planet Hollywood restaurants currently open.
In 1997, Planet Hollywood entered a joint partnership with AMC Theaters to establish and develop Planet Movies by AMC. In 1998, Planet Hollywood entered the ice-cream business when it launched Cool Planet. The business was scrapped later that year. Schwarzenegger severed his financial ties with the business in early 2000.[3] Schwarzenegger said the company had not had the success he had hoped for, claiming he wanted to focus his attention on "new U.S. and global business ventures" and his movie career.[3]
Marvel Mania Restaurant opened on February 18, 1998 near Universal Studios, California with Marvel being a co-owner with Universal Studios Hollywood[4] and Planet Hollywood. However, Planet Hollywood had financial problems due to expanding too quickly and had to close Marvel Mania.[5]
Resort [edit]
Planet Hollywood Resort and Casino in Las Vegas had its grand opening the weekend of November 16, 2007, in the remodeled Aladdin Hotel & Casino.
Planet Hollywood partnered with Westgate Resorts on the new PH Towers A Westgate Resort, connected to the existing resort, which opened on January 1, 2010. The 52-story luxury vacation ownership and condominium tower included over 1,200 1-4 bedroom units and a four story penthouse of 28 luxury condominiums from 4,000 to 10,000 square feet (370 to 930 m2). The building is a key subject in the documentary film, The Queen of Versailles.
The resort and casino were sold in 2010 to Caesars Entertainment, and the separate Towers project was sold to Centerbridge Partners' Resort Finance Associates in 2011.
Locations [edit]
United States [edit]
International [edit]
- Bali, Indonesia
- Cancún, Mexico
- Disney Village in Disneyland Paris
- Dubai, United Arab Emirates
- Jakarta, Indonesia
- Salmiya, Kuwait
- London, England (relocated to Haymarket in June 2009)
- Niagara Falls (Canada)
- Riyadh, Saudi Arabia
According to the official site, new branches in India and Kuwait will be opening soon.[6]
Former locations [edit]
United States [edit]
- Anaheim, California (Cool Planet location)
- Aspen, Colorado
- Atlanta, Georgia
- Atlantic City, New Jersey
- Baltimore, Maryland
- Beverly Hills, California
- Boston, Massachusetts (Planned, but never opened)
- Chicago, Illinois (Now Gino's East)
- Columbus, Ohio (Closed a Planet Hollywood restaurant, Official All Star Café, and Planet Movies by AMC megaplex)
- Costa Mesa, California
- Dallas, Texas
- Fort Lauderdale
- Guam
- Gurnee Mills in Gurnee, Illinois
- Honolulu, Hawaii
- Houston, Texas
- Indianapolis, Indiana
- Irvine, California (Cool Planet location)
- Jacksonville, Florida (Planned, but never opened)
- Key West, Florida
- Lake Tahoe
- Los Angeles, California
- Mall of America - Bloomington, Minnesota (closed 2003, now Dick's Last Resort)
- Maui
- Memphis, Tennessee (Planned, but never opened)
- Miami, Florida - Coconut Grove
- Miami, Florida - Ocean Drive
- Nashville, Tennessee
- New Orleans, Louisiana
- New York, New York (West 57th Street, closed due to relocation)
- Norfolk, Virginia (Cool Planet location)
- Phoenix, Arizona
- Reno, Nevada
- San Antonio, Texas (Closed 2001)
- San Diego, California (Closed)
- San Francisco, California
- Santa Monica, California (Cool Planet location)
- Seattle, Washington
- South Coast Plaza (Costa Mesa, California)
- St. Louis, Missouri
- Washington, D.C.
- Woodfield Mall in Schaumburg, Illinois
International [edit]
- Acapulco, Mexico
- Amman
- Amsterdam
- Athens (was at Village Park Renti)
- Auckland (Queen Street, Auckland)
- Bangkok
- Barcelona
- Belfast
- Beirut
- Berlin
- Brussels (planned on the street aside the stock market, but never opened)
- Buenos Aires (only Merchandise Store)
- Cabo San Lucas
- Cannes
- Cape Town (terrorist bombing in August 1998 [7])
- Caracas (Planned, but never opened)
- Cozumel
- Dublin
- Edmonton
- Frankfurt (Planned, but never opened)
- Gatwick
- Gold Coast
- Hamburg
- Helsinki (bankrupt)
- Hong Kong
- Johannesburg
- Kuala Lumpur
- Liverpool (Planned at Liverpool One Complex, but never opened)
- London (was in Coventry Street, now relocated to The Haymarket)
- Madrid
- Manchester (Planned Planet Movies at AMC, but never opened)
- Manila
- Margarita Island (Planned, but never opened)
- Melbourne
- Montreal
- Moscow
- Mumbai
- Munich
- Nassau
- Oberhausen
- Paris (Champs-Élysées)
- Prague
- Puerto Vallarta
- Rio de Janeiro (Planned, but never opened)
- Rome (Opened in December 1997, went bankrupt in November 2003 [8])
- San Juan
- São Paulo (only Merchandise Store)
- Seoul
- Sharm El Sheikh
- Singapore
- Sydney
- Taipei
- Tel Aviv Beach Cafe
- Tokyo Disney Resort
- Toronto (1996-2006) - located at 277 Front Street West (Metro Toronto Convention Centre) and now home to Baton Rouge
- Valencia
- Vancouver
- Zürich
Merchandise stores [edit]
United States [edit]
- Las Vegas Strip
- Myrtle Beach, South Carolina
- Disney's Hollywood Studios
- Downtown Disney (Orlando)
- New York - Times Square
International [edit]
- Disneyland Paris
- 4608 Bender Street (next to Casino Niagara), Niagara Falls, Ontario, Canada
- Cadishead
- Manchester
- Whistler British Columbia
- Duisburg
See also [edit]
References [edit]
- ^ Keith Barish at the Internet Movie Database
- ^ Richard Silkos (2007-09-24). "Savor Those Curly Fries: Planet Hollywood Is Back (Again)". The New York Times. Retrieved 2009-08-16.
- ^ a b "Arnold leaves planet". schwarzenegger.com. 2000-01-25. Retrieved 2007-04-20.
- ^ Zoltak, James (March 2, 1998). "Spiderman And The Hulk Add Punch To Opening Of Marvel Mania Eatery". Amusement Business (BPI Communications Inc.). Retrieved 2011-03-18. More than one of
|author=and|last=specified (help) - ^ Rhoades, Shirrel. Comic books: how the industry works. New York, NY: Peter Lang Publishing. p. 204.
- ^ Planet Hollywood - Restaurants
- ^ "FBI joins Planet Hollywood inquiry". BBC News. 1998-08-26. Retrieved 2007-12-12.
- ^ "Planet Hollywood Rome shuts down for bankruptcy". La Repubblica. 2003-11-05. Retrieved 2012-02-12.
External links [edit]
- Corporate home page
- Niagara Falls Planet Hollywood
- Going bankrupt (again)(2001)
- [1] (Australian Planet Hollywood)
