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.
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.
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.
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 Interstate Hotels & Resorts
Interstate Hotels & Resorts is the leading U.S.-based global hotel management company, operating branded full- and select-service hotels, resorts, convention centers, and independent hotels. Currently, Interstate"s global portfolio represents 540 properties in 12 countries inclusive of committed pipeline of signed hotels under construction or development around the world. The Company"s experienced operators, industry leading platforms, and extensive management capabilities produce exceptional guest experiences and optimal returns for hotel owners and investors. For more information, please visit www.interstatehotels.com, or follow Interstate on Facebook and LinkedIn.For more information regarding hotel management in Europe, please contact Senior Vice President, Development-Europe, Aaron Greenman, at +32 490 43 15 72 or visit www.interstatehotels.co.uk. For more information about Interstate Hotels & Resorts worldwide, please visit www.interstatehotels.com.