Pros
Benefits package, tuition reimbursement, work locations, coworkers. As a new employee there are a lot of opportunities to grow and develop. Once you pass through the Department Head level positions there become more barriers to growth and development. There are great relationships with the peers that you work with on a day to day basis.
Cons
There is a good ol boy network. Once you reach a certain level the unbiased job posting system is replaced by the picking and choosing of AGMs and Dir Ops for positions rather than by those within the hotels directly. Rather than picking someone with experience they move someone's friend from one hotel to another. The annual review process is a sham. Hotel leadership teams all get great reviews and increases while those below get a marginal 3% annual increase at best.