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Thread: Planet Hollywood left Starwood Jan 15, 2010
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Old Jan 14, 2010 | 7:53 pm
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baccarat_king
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Originally Posted by mbstone
Really? SPG is owned by religious believers who don't want to be associated with gambling even while profiting from it, and it therefore needs an Affiliation Type Of Arrangement? Who knew?
LOL, sort of reminds me of the old Holiday Inn issues with owning Harrah's Atlantic City. Simplifying the story, and from memory -- basically the Holiday Inn owned Harrah's Atlantic City (one hotel property) was more profitable in a year than the entire portfolio of Holiday Inn Properties in the United States.

Of course, the casino biz was a bit less competitive back in the 1980's.

In most cases, casino properties are the profitable crown jewels of any hotel operator's empire. Well, unless your name is Donald Trump.
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