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2016-03-23T00:00:00.000Z

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Mr. Ethan Kramer

President

Paramount Hotel Group LLC

Direct Phone: (973) ***-**** ext. ***       

Paramount Hotel Group LLC

710 Route 46 East

Fairfield, New Jersey 07004

United States

Company Description

Founded in 1999 and headquartered in Fairfield, N.J., Paramount Hotel Group is a premier hotel management and development company that specializes in value-oriented management of full and limited service hotels nationwide. As an independent operator, Para... more

Find other employees at this company (94)

Background Information

Employment History

Senior Vice President - Development

Prime Hospitality Corp.

Senior Vice President

ATTERBURY & ASSOCIATES , INC.

Web References (74 Total References)


"Paramount is on track to add ...

www.hotelbusiness.com [cached]

"Paramount is on track to add 10 to 12 hotels to its portfolio in 2013, and Karen brings great depth and bench strength to our management team to support our expanding portfolio," Ethan Kramer, president, Paramount Hotel Group, said in a statement.


"We are building on our select ...

www.lodgingmagazine.com [cached]

"We are building on our select core of savvy hotel investment groups who seek value in today's real estate market, and are stepping up their acquisition programs," said Ethan Kramer, president of Paramount.

...
"The Aloft and Element Lexington are less than five years old, in excellent physical condition and will require minimal enhancements as part of the change in ownership," Kramer said.


"We are building on our select ...

www.hotelnewsresource.com [cached]

"We are building on our select core of savvy hotel investment groups who seek value in today's real estate market, and are stepping up their acquisition programs," said Ethan Kramer, president of Paramount.

...
"The Aloft and Element Lexington are less than five years old, in excellent physical condition and will require minimal enhancements as part of the change in ownership," Kramer said.


"We are building on our select ...

www.hotelchange.com [cached]

"We are building on our select core of savvy hotel investment groups who seek value in today's real estate market, and are stepping up their acquisition programs," said Ethan Kramer, president of Paramount.

...
"The Aloft and Element Lexington are less than five years old, in excellent physical condition and will require minimal enhancements as part of the change in ownership," Kramer said.


More hotels are coming to market ...

www.hotelexecutive.com [cached]

More hotels are coming to market now and we expect to work closely with The Lightstone Group in the current year to help achieve their growth targets, said Ethan Kramer, President of Paramount. Our 30-plus years of hotel experience are a huge benefit for investors in sourcing and analyzing hotel investment opportunities, some of which have hard-to-identify, unique attributes. These properties have intangibles that go beyond repositioning and strong management, often in markets that are overlooked.

Paramount and its investors/owners seek full-service and select-service hotels, primarily in secondary and suburban markets that have the bones to be premium-branded. While these properties may not be as sexy as a downtown urban hotel, we know that they can generate high returns with prudent risk, Kramer added. The key is finding and unlocking the value that others do not see.
Kramer noted that many hotels currently on the market have significant PIP requirements because upgrades were pushed back well beyond the normal cycle during the recent recession.

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