Pros
Swank is a well run company from a corporate standpoint. They frequently promote from within and work very hard to help their people succeed. The culture is better than many other jobs and offers many of the perks of working for a small close knit business while offering the benefits of a large corporation.
Cons
How good a particular property is seems to depend largely on the competence and work ethic of that properties director. That said, many directors seem to burn out quickly as they are frequently overworked and under-appreciated as with most middle management positions. Getting fired from Swank seems next to impossible, which can be a problem when directors are mistreating their direct reports and taking advantage of the system.