Since emerging from Chapter 11 protection in May 2000, the chain has closed 30 restaurants, leaving it with 50 sites worldwide, industry consultants tell GlobeSt.com.
Planet Hollywood officials couldn't be reached at GlobeSt.com's publication deadline to learn where other near-future closings are planned. About 60,000 sf of now-vacant space are involved in the Atlanta and Seattle closings, area brokers tell GlobeSt.com on condition of anonymity.
"I know they tried awfully hard to work with Downtown Atlanta officials to make their restaurant a go, but there didn't seem to be the amount of pedestrian traffic they needed in order to survive," an Atlanta area retail broker tells GlobeSt.com on condition of anonymity. The Atlanta restaurant is at Peachtree Street and International Boulevard in the central business district.
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