Search
 

GlobeSt.com EXCLUSIVE: Planet Hollywood Shuts Down in Atlanta and Seattle

ORLANDO-The locally based celebrity-themed restaurant chain has closed 30 locations since May 2000, leaving it with 50 sites worldwide, industry consultants intimate with the company's reorganization plans tell GlobeSt.com.

By Alex Finkelstein | Updated on September 21, 2001

ORLANDO-Striving to return to profitability, locally based Planet Hollywood International Inc. has closed restaurants in Atlanta and Seattle and plans to shut down at least two more in major markets, industry consultants intimate with the company’s reorganization plans tell GlobeSt.com.

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.