Princeton, New Jersey – Paramount Hotel Group, a full-service third-party hotel management company, announced today that it has been awarded the management contract for the Hyatt Place hotel in Princeton, New Jersey. Ethan Kramer, President of Paramount, made the announcement.
Located in the Carnegie Center, adjacent to Princeton's Market Fair and Princeton University, the 122-room Hyatt Place features complimentary hotel-wide Wi-Fi and hot breakfast, coffee to cocktails bar serving Starbucks® specialty coffees and tees, premium beer, wine, cocktails, and a complimentary 24-hour fitness center.
"The Princeton Hyatt Place is a premier property and a great addition to our portfolio," said Kramer. "It's a top performer in a strong market and positioned very well for growth. We will leverage our experience, resources and industry expertise to insure it remains a market leader in Princeton."
About Paramount Hotel Group
Formed in 1999, Paramount has a proven track record of success. Paramount's core team consists of former executives of Prime Hospitality Corp., with over 30 years of continuity and a highly personalized approach to hotel management. Paramount is comprised of three operating companies; Paramount Management Associates, a full service, third-party management company for select and full-service hotels; H-CPM, a hotel construction project management firm; and Book My Group, a national sales organization that specializes in group reservations.
Paramount has earned its position as an industry leader by expertly managing all aspects of operations for a hotel, engaging in proactive and transparent communication with owners and maintaining strong relationships with all major brands. Paramount earns praise for its unique ability to create exceptional asset value through renovating, re-branding and repositioning hotels. The company is targeting third-party hotel management contracts with owners seeking enhanced financial returns. Additionally, Paramount identifies attractive hotel acquisition opportunities for existing and new capital partners.