David Simon, CEO and co-founder of Paramount Hotel Group, has spent 35 years in the lodging industry developing two hotel companies; Prime Hospitality Corp, a NYSE company, and for the last 14 years with PHG. Mr. Simon 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.
Mr. Simon 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. Mr. Simon directed the company's growth from 30 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. Mr. Simon was also responsible for over $400 million in public offerings. Named 1995 CEO of the Year by Hospitality Valuation Services Executive Search, Mr. Simon is a champion of multi-brand development and franchise management.
Ethan Kramer is a co-founder of Paramount Hotel Group and has served as President since its inception in 1999. Also a veteran of Prime Hospitality Corp., Mr. Kramer coordinated the expansion of two national brands managing the investment of over $800 million in new hotel development. His oversight of the Development, Construction and Real Estate Legal departments during the period 1995 through mid-1999, led to the expansion of the AmeriSuites (now Hyatt Place) chain up to 100 hotels.
In his capacity as President of PHG, Mr. Kramer oversees the general operation of the company as well as focusing on acquisitions, business development, operations and investor relations. Ethan has led the expansion of PHG since inception and was instrumental in the acquisition of the BookMyGroup subsidiary. With a strong background in feasibility analysis, Paramount concentrates on hotel acquisitions that meet the investment criteria of its partners. Mr. Kramer has structured joint venture relationships with capital partners that are providing a platform for portfolio growth.
As Paramount Hotel Group's Senior Vice President - Operations, Peter Marino directs the operations of all managed properties ensuring standards of excellence in guest satisfaction and hotel profitability. Mr. Marino’s success in operations stems from a career that began over 30 years ago at a hotel front desk clerk in NYC. His connection to associates at all levels provides the cornerstone to his success in team building and repositioning each hotel in the managed portfolio. As liaison to asset managers, Mr. Marino provides our partners with candid and invaluable insights to operational issues.
As Vice-President - Business Development and earlier as Vice-President - Operations for Prime Hospitality Corp, Mr. Marino increased gross and net operating profits of all full and limited service hotels under his management. Hotel brands include Marriott, Hilton, Sheraton, Radisson, Holiday Inn, Ramada Inn, Wellesley Inn, Howard Johnson and Days Inn. In his role Mr. Marino consistently improved service and productivity standards and successfully repositioned hotels and secured management contracts throughout the U.S.
As Paramount Hotel Group’s Senior Vice President – Food & Beverage, Terry directs the F&B operations of all managed properties in concert with the Operations Team. Mr. O’Leary began his career over 35 years ago in the family hotel business in North Carolina and Daytona Beach, Florida. He was the Senior Vice President of Food & Beverage for Prime Hospitality with over 80 full service hotels and 200 hotels overall in the company.
Prior F&B experience includes B.F. Saul Company’s Hotel division and Rick Ring Enterprises which had the food and beverage contracts for Beverly Heritage Hotels. Terry has also served on the IAHI Board for IHG Hotels Food and Beverage as well as the Marriott Food and Beverage Advisory Board. He has developed and implemented numerous franchised Food and Beverage concepts to improve bottom line profitability and guest satisfaction.
Stephen Siegel is President of Hospitality CPM (“h-cpm”), a Paramount Hotel Group subsidiary specializing in construction project management for third party hotel owners in the lodging industry. Foreseeing the demand for project management on renovation projects, post the recession, h-cpm was formed in 2010. Mr. Siegel’s expertise in managing new hotel construction and capital improvement plans has led to h-cpm’s recognition and high regard among some of the largest institutional hotel owners in the U.S.
Prior to h-cpm, Mr. Siegel was Senior Vice President of Construction for Paramount Hotel Group. His responsibilities included overseeing construction project management of new and existing hotels, including design, FF&E purchasing and franchise coordination for Paramount managed hotels. Before joining PHG, Stephen was the Vice President - Construction for Prime Hospitality Corp, responsible for over $1.0B in new hotel construction. Mr. Siegel also managed the capital improvement process for Prime's total portfolio of over 200 hotels.
Ed joined Paramount Hotel Group in 2006. He is primarily responsible for implementing PHG’s plan for growth and expansion through management contracts, hotel acquisitions and new development opportunities. With more than 30 years of experience in the industry, Ed has developed a significant database of hotel owners, brokers, consultants and franchisor contacts.
Ed’s significant operating experience across multiple venues, including resort, full and select service hotel brands, is a definite advantage in selecting opportunities for hotel management, acquisition and development. Previously, Ed served as Senior Vice President Operations for Prime Hospitality Corp. responsible for full and select service portfolios including the AmeriSuites brand. Ed has held other multi-unit operation positions with Marcus Hotel Brands and Helmsley Hotels.
Vincent joined Paramount Hotel Group in January, 2017. He leads the accounting and finance team and is responsible for the preparation of timely and accurate reporting and financial statements for the entities owned by Paramount Hotel Group; Paramount Management Associates, H-CPM and Book My Group. Vincent oversees the central accounting processes for all hotel operations, payroll, human resources, the IT department, and all corporate accounting functions.
Vincent is a highly accomplished accounting and finance professional with proven leadership abilities, global experience and a reputation for delivering results in a variety of high-profile assignments at both established companies and start-ups. He is a graduate of Kean University’s Global Management MBA program, and received his BS degree in Accounting from Molloy College.
Andrew joined The Paramount Hotel Group in June of 2014, and oversees the revenue management and reservations initiatives for the organization. All revenue management functions and personnel for the group report to him. Andrew’s primary function is to ensure that all of our hotels are functioning within the revenue management brand standards of the individual properties’ flag. He is well versed in the revenue management practices of all of major hotel brands, as well as the new cutting edge technology within the revenue management arena. Andrew has several years’ experience in business development and contract negotiations, primarily with system vendors and third party providers.
Andrew has 20 plus years of revenue management experience in the travel industry, with more than half of that time dedicated to the New York City market. Within the New York market, Andrew has directed revenue teams at the Millennium Broadway, Paramount Hotel, Doral Hotels and Soho Grand Hotel, both pre and post opening. While working with Prime Hospitality for 7 years, he oversaw the revenue management function and hotel systems development for the Amerisuites and Wellesley Inn and Suites brands. During his tenure with Millennium Hotels and Resorts, he was Corporate Director of Revenue Management and was responsible for 15 downtown hotels across 11 major markets, including New York, Chicago, Boston and Los Angeles. Most recently, Andrew worked for the Hertz Corporation, as Corporate Director of Contribution Management, where he was able to apply his hotel revenue management experience to the car rental industry.