The Hotel Paramount in New York City is a hotel located at 235 West 46th Street, to the west of Broadway. Designed by Thomas W. Lamb, construction was completed in 1928. In 1988, the hotel was closed for an 18-month remodelling project. In 1990, the hotel, under the ownership of Ian Schrager and redesigned by Philippe Starck, reopened as the Paramount Hotel. The hotel underwent a seven-month-long renovation in 1998 at a cost of $7 million, which included enhancements to lobby lighting.
After purchasing the hotel in 1986, Ian Schrager was able to more than double occupancy rates in about two years, to 82%. Schrager sold the hotel in 2004 for $126 million to a Sol Melia Hotels and Resorts / Hard Rock Cafe joint venture. When Hard Rock was sold to the Seminole Tribe of Florida, the Paramount was sold to Walton Street Capital. In 2011, the hotel was sold to Aby Rosen's RFR Holding.
Source: Wikipedia.org
Copyright: Creative Commons 3.0
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New York, United States
Discover the most beautiful and popular trails in the area, carefully bundled into appropriate selections.
Source: Nikolas Koenig
Copyright: Creative Commons 3.0
Discover the most beautiful and popular attractions in the area, carefully bundled in appropriate selections.
Source: Nikolas Koenig
Copyright: Creative Commons 3.0
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