PARAMOUNT HOTEL HIRES INTERSTATE HOTELS & RESORTS TO BRING HISTORIC PROPERTY TO THE NEXT LEVEL
Almasalla Travel News – By Ashraf El gedawy – NEW YORK – 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
