PLANET HOLLYWOOD INTERNATIONAL INC
SC 13G, 1999-02-09
EATING PLACES
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                  SCHEDULE 13G


                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                               (AMENDMENT NO. 1)*


                      Planet Hollywood International, Inc.
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                 Class A Common Stock, par value $.01 per share
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                  --------------------------------------------
                                 (CUSIP Number)

                                February 5, 1999
                  --------------------------------------------
             (Date of Event Which Requires Filing of this Statement)

Check the  appropriate box to designate the rule pursuant to which this Schedule
is filed:

         [ ] Rule 13d-1(b)
         [X] Rule 13d-1(c)
         [ ] Rule 13d-1(d)

*The  remainder of this cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for  any  subsequent   amendment   containing   information  which  would  alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes).


<PAGE>

CUSIP No.                                                     Page 2 of 7 Pages
         ------------------------                                 --    --


- --------------------------------------------------------------------------------
1         NAME OF REPORTING PERSONS
          I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

          His Royal Highness Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud

- --------------------------------------------------------------------------------
2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP               (a) |_|
                                                                         (b) |_|

- --------------------------------------------------------------------------------
3         SEC USE ONLY

- --------------------------------------------------------------------------------
4         CITIZENSHIP OR PLACE OF ORGANIZATION

          Kingdom of Saudi Arabia
- --------------------------------------------------------------------------------
                             5      SOLE VOTING POWER

                                    16,299,237 shares
         NUMBER OF          ----------------------------------------------------
          SHARES             6      SHARED VOTING POWER
       BENEFICIALLY
         OWNED BY                   None
           EACH             ----------------------------------------------------
         REPORTING           7      SOLE DISPOSITIVE POWER
          PERSON
           WITH                     16,299,237 shares
                            ----------------------------------------------------
                             8      SHARED DISPOSITIVE POWER

                                    None
- --------------------------------------------------------------------------------
 9        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          16,299,237 shares
- --------------------------------------------------------------------------------
10        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
          |_|

- --------------------------------------------------------------------------------
11        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

          16.77%
- --------------------------------------------------------------------------------
12        TYPE OF REPORTING PERSON*

          IN
- --------------------------------------------------------------------------------




                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>

CUSIP No.                                                     Page 3 of 7 Pages
         ------------------------                                 --    --



- --------------------------------------------------------------------------------
1         NAME OF REPORTING PERSONS
          I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

          Kingdom Planet Hollywood, Ltd.

- --------------------------------------------------------------------------------
2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP               (a) |_|
                                                                         (b) |_|

- --------------------------------------------------------------------------------
3         SEC USE ONLY

- --------------------------------------------------------------------------------
4         CITIZENSHIP OR PLACE OF ORGANIZATION

          Cayman Islands
- --------------------------------------------------------------------------------
                             5      SOLE VOTING POWER

                                    16,299,237 shares
                            ----------------------------------------------------
        NUMBER OF            6      SHARED VOTING POWER
         SHARES
      BENEFICIALLY                  None
        OWNED BY            ----------------------------------------------------
          EACH               7      SOLE DISPOSITIVE POWER
        REPORTING
         PERSON                     16,299,237 shares
          WITH              ----------------------------------------------------
                             8      SHARED DISPOSITIVE POWER

                                    None
- --------------------------------------------------------------------------------
 9        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          16,299,237 shares
- --------------------------------------------------------------------------------
10        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
          |_|

- --------------------------------------------------------------------------------
11        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

          16.77%
- --------------------------------------------------------------------------------
12        TYPE OF REPORTING PERSON*

          CO
- --------------------------------------------------------------------------------






                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>

CUSIP No.                                                     Page 4 of 7 Pages
         ------------------------                                 --    --




ITEM 1(A).        NAME OF ISSUER:

                  Planet Hollywood International, Inc. (the "Issuer")

ITEM 1(B).        ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

                  8669 Commodity Circle
                  Orlando, Florida 32819

ITEM 2.           NAME, ADDRESS AND CITIZENSHIP OF THE PERSON FILING:

                  This  statement  is being filed by His Royal  Highness  Prince
                  Alwaleed  Bin  Talal  Bin  Abdulaziz  Al  Saud   ("HRH"),   an
                  individual, whose business address is Kingdom Holding Company,
                  P.O. Box 8653, Riyadh 11492, Kingdom of Saudi Arabia. HRH is a
                  citizen of the Kingdom of Saudi Arabia.

                  This   statement   also  is  being  filed  by  Kingdom  Planet
                  Hollywood,  Ltd.,  a company  organized  under the laws of the
                  Cayman Islands ("KPH"). KPH's registered office address is c/o
                  Kingdom Holding Company,  P.O. Box 8653, Riyadh 11492, Kingdom
                  of Saudi Arabia. KPH is a direct,  wholly-owned  subsidiary of
                  Kingdom 5-KR-10, Ltd. ("KR-10"), a company organized under the
                  laws of the Cayman Islands. The registered securities of KR-10
                  are held by Coutts (Cayman) Limited ("Trustee"), as trustee of
                  the Kingdom One Trust,  a trust created by HRH for the benefit
                  of himself and his family under the laws of the Cayman Islands
                  (the "Trust").

ITEM 2(D).        TITLE OF CLASS OF SECURITIES:

                  Class A Common Stock, par value $.01 per share, of the Issuer.

ITEM 2(E).        CUSIP NUMBER:



ITEM 3.           IF THIS STATEMENT IS FILED  PURSUANT TO SECTIONS  240.13D-1(B)
                  OR 240.13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS:

                  Not applicable.


<PAGE>


CUSIP No.                                                     Page 5 of 7 Pages
         ------------------------                                 --    --



ITEM 4.           OWNERSHIP:

                  As of February 5, 1999,  HRH and KPH  beneficially  own in the
                  aggregate the following:

                  (a)      Amount beneficially owned:

                           16,299,237 shares

                  (b)      Percent of Class:

                           16.77%

                  (c)      Number of shares as to which such persons have:

                           (i)      Sole power to vote or to direct the vote:

                                    16,299,237 shares

                           (ii)     Shared power to vote or to direct the vote:

                                    None

                           (iii)    Sole power  to  dispose  or  to  direct  the
                                    disposition of:

                                    16,299,237 shares

                           (iv)     Shared power to dispose  or  to  direct  the
                                    disposition of:

                                    None

ITEM 5.           OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:

                  Not applicable.


<PAGE>


CUSIP No.                                                     Page 6 of 7 Pages
         ------------------------                                 --    --



ITEM 6.           OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
                  PERSON:

                  KPH is wholly-owned by KR-10 which, as reported above, is held
                  by the  Trustee as part of the  Trust.  Under the terms of the
                  Trust,  HRH  has  the  power  to  appoint  a  majority  of the
                  directors of KR-10,  the parent company of KPH.  Through HRH's
                  ability  to appoint a majority  of the board of  directors  of
                  KR-10,  for the  purposes  of Rule 13d-3 of  Regulation  13D-G
                  under the Securities  Exchange Act of 1934, HRH can indirectly
                  control  the   disposition   and  voting  of  the   securities
                  beneficially owned by KPH.

                  Under the terms of the Trust,  among other things, the Trustee
                  is  prohibited  from  selling  or  transferring  or  otherwise
                  encumbering  the  securities  of KR-10.  Furthermore,  HRH has
                  retained  the power to revoke  the  Trust and to  appoint  and
                  remove the Trustee at any time and for any reason.

                  Since the Issuer's shares are held in the name of KPH, KPH has
                  the right to receive  dividends from or proceeds from the sale
                  of the Issuer's shares; however, HRH, through HRH's ability to
                  appoint a majority of the board of  directors  of KR-10,  will
                  retain the power to direct any  disposition  of such dividends
                  or proceeds.  Any funds  distributed by KPH to KR-10, and from
                  KR-10  to the  Trust,  will be held  and  administered  by the
                  Trustee,  pursuant  to the  provisions  of the Trust,  for the
                  benefit of HRH and his family.

ITEM 7.           IDENTIFICATION  AND  CLASSIFICATION  OF  THE  SUBSIDIARY WHICH
                  ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT  HOLDING
                  COMPANY:

                  Not Applicable.

ITEM 8.           IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:

                  Not Applicable.

ITEM 9.           NOTICE OF DISSOLUTION OF GROUP:

                  Not Applicable.

ITEM 10.          CERTIFICATION:

                  By signing  below, I certify that, to the best of my knowledge
                  and belief, the securities referred to above were not acquired
                  and are not held for the  purpose  of or with  the  effect  of
                  changing  or  influencing  the  control  of the  Issuer of the
                  securities   and  were  not  acquired  and  are  not  held  in
                  connection with or as a participant in any transaction  having
                  that purpose or effect.


<PAGE>


CUSIP No.                                                     Page 7 of 7 Pages
         ------------------------                                 --    --




                                    SIGNATURE

     After  reasonable  inquiry and to the best of my  knowledge  and belief,  I
certify that the  information  set forth in this Schedule 13G is true,  complete
and correct.

       Date:            February 6, 1999

       Signature:       /s/ HRH Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud
                  -------------------------------------------------------------
       Name:            HRH Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud


       KINGDOM PLANET HOLLYWOOD, LTD.

       Date:            February 6, 1999

       By:              /s/ HRH Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud
                  -------------------------------------------------------------
       Name:            HRH Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud
       Title:           President



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