David Simon, CEO and co-founder of Paramount Hotel Group (PHG), has spent 40 years in the lodging industry developing two hotel companies; Prime Hospitality Corp, a NYSE company, and for the last 18 years with PHG. David concentrates on strategic planning and expansion for Paramount Hotel Group and its subsidiaries. Through partnerships with various capital partners, Paramount’s portfolio grew to over 30 hotels. Prior to the 2008 recession, Paramount perceptively disposed of over 24 assets achieving significant returns for capital partners and avoiding the toxic effects of the downturn.
He possesses the unique ability to find undervalued hotels and provide strategy and guidance to unlock its true value. David is a true entrepreneur who works closely with partners and employees to grow his business.
He began his career in 1977 as a corporate real estate and securities attorney with Prime Hospitality Corp. climbing to the rank of President, CEO and Chairman of the company by 1989. David directed the company’s growth from 30 hotels to over 200 hotels. This included doubling the size of the Home Gate chain and launching the highly successful AmeriSuites (now Hyatt Place) hotel brand. He was also responsible for over $400 million in public offerings and was named 1995 CEO of the Year by Hospitality Valuation Services Executive Search.