New York: Paramount Hotel Hires Interstate Hotels & Resorts
The Paramount Hotel, a landmark property in the heart of New York's Theater District, is proud to announce its new management company, Interstate Hotels & Resorts. RFR Holding LLC, which owns the hotel, chose Interstate Hotels & Resorts as it is the leading U.S. - based global hotel management company, with over 50 years of success that is unmatched in the hospitality industry. Built in 1928, The Paramount was recently upgraded with a spectacular design and new amenities, and requires a game-changing management team to elevate the growing Paramount brand.
The new management company will enhance operations at the Paramount to fit with the trendier, updated look and personality of the hotel, which re-launched in March 2013. "After the completion of a multi-million dollar renovation, we felt it was important to align the property with a management company that could successfully reposition the hotel," says Aby Rosen, Co-Founder and Principal of RFR Holding LLC. "Recognizing that Interstate Hotels & Resorts is the largest third party management company in the United States, with over 450 hotels in their portfolio, they were an obvious choice." RFR Holding LLC purchased The Paramount Hotel in 2011, adding to its already impressive hospitality group that includes the Gramercy Park Hotel, W Miami Beach Hotel, and most recently the W Tel Aviv. The pairing with Interstate has created a dream team for the Paramount.
Interstate Hotels & Resorts has a proven track record and unmatched experience, making it the preferred hotel management company for major global brands. It is the ability to bring the personalized attention of a small enterprise, backed by the economies of scale that come from an established industry leader, that makes Interstate a perfect choice for The Paramount. The hotel is unique in its market - one of the only hotels in the Theater District that is not one of many in a larger corporation.
About RFR Holding LLC
RFR Holding LLC is a Manhattan based, privately controlled real estate investment, development and management company founded in 1991 by Aby Rosen and Michael Fuchs. The company has a world class portfolio of office, residential, hotel and retail properties encompassing over 12 million square feet. The portfolio includes the landmarked Seagram and Lever House buildings as well as the iconic Gramercy Park Hotel in New York, W South Beach Hotel in Miami, Roomers Hotel in Frankfurt, WestendGate Marriott in Frankfurt, and the W Tel Aviv. RFR is known for creating uplifting and inspiring environments through a unique vision and the incorporation of original quality art.
About Paramount
Paramount, the landmark hotel in the heart of the theater district, unveiled the new Paramount Bar & Grill, Corso coffee bar, contemporary event spaces, and a two-story lobby as a part of a year-long 40 million dollar re-imagination project in March, 2013. Located on 46th street between 7th and 8th avenue, the historic hotel is just steps away from Times Square and restaurant row, and will be fully completed with the reopening of Billy Rose's Diamond Horseshoe in winter 2013, following a 61-year hiatus. As one of a very few hotels designed by prolific theater architect Thomas W. Lamb, the building was designated a New York City landmark in 2009 and has since been transformed for the 21st century traveler, offering modern design and amenities while paying tribute to its 1928 origins. Guests will delight in the 597 newly reinvigorated guest rooms and suites, Paramount News, a stylishly curated store offering design-focused souvenirs, daily newspapers and travel essentials, and Paramount Fit, a state-of-the-art fitness center available 24 hours a day. For reservations and additional information, please call +1-877-692-0803 or visit www.nycparamount.com.
About Aimbridge Hospitality EMEA
Aimbridge EMEA is the International Division of leading US-based global hotel management company, Aimbridge Hospitality. The Aimbridge Hospitality global portfolio, inclusive of managed and pipeline properties, includes approximately 1,500 hotels in 20 countries. The EMEA portfolio, inclusive of pipeline, is made up of 100+ properties. Brands managed by Aimbridge EMEA include Novotel, Adagio, Courtyard, Hilton Garden Inn, Hyatt Place, Radisson, Residence Inn, Staybridge, Mercure, Crowne Plaza, Hotel Indigo, Holiday Inn and Holiday Inn Express, Luxury Collection, Marriott, AC Hotels by Marriott, Hilton, Hampton by Hilton and ibis Hotels. Aimbridge EMEA's portfolio also comprises a number of independent hotels, restaurants and spa and health brands, including Marco Pierre White, Novelli at City Quays and Mamucium. For further information about Aimbridge EMEA visit www.aimbridgeEMEA.com.
