Well, the 3 properties are all adjacent to one another, but I'd actually argue that PH is closer to the "center of gravity" of the Strip. It's also in very close proximity to Bellagio, Cosmopolitan, and Aria/City Center, as well as Paris. Unless you specifically want to spend time at Caesars, Venetian/Palazzo and/or Wynn, I don't think there's anything disadvantageous about the PH location.