I didn't think this sounded right. Hotels routinely let very expensive rooms sit empty rather than just discounting them. Otherwise everyone would wait and book at the last minute...
I went to the Loews site and entered the following dates:
July 3 - July 10
RPR: MANY room types available, including:
$219/night Standard room, 2Queen beds with the Stay 4, Play Free package;
$229/night Standard room, 2 Queen beds with the Bed and Breakfast package;
$219 Standard room, Seasonal rate ("Rack rate")
HRH: only 3 choices came up, including:
$359/night Club Level, Seasonal rate
$309/night Deluxe room, Seasonal rate
PBH: Many rooms came up:
$269/night, Garden (standard) room, Seasonal rate;
$279/night, Garden room, B&B rate;
$289/night, Bay View, seasonal rate;
$309/night, Deluxe room, Seasonal rate
$369/night, Club level
So you can see that the standard room at RPR is $50 less per night than the standard room at PBH. HRH simply has no standard rooms available for my dates... Also, if I were actually traveling on those dates, it would cost me more to get a room at HRH than to get the least expensive room available at PBH. Whew!!