The success of any hotel investment depends upon a confluence of many disciplines within the lodging industry. The Paramount team has an exhaustive breadth of experience in acquisitions/development. But more importantly, the Paramount team has a history of accomplishing results for owners and investors. The Company possesses one of the most experienced and successful acquisitions/development and construction teams in the lodging industry. Having acquired, developed and constructed over 100 hotels and managed over 200 hotel renovations, Paramount is uniquely qualified to assist an owner in all aspects of the acquisition and development processes.

Paramount's experience of operating hotels under most major franchises within the United States provides invaluable counsel and guidance to an owner in selecting the best brand for a new or repositioned hotel. Having operated as both a franchisee and franchiser enables Paramount to skillfully assist owners in the negotiation of franchise agreements.

 

Hotel Acquisitions

The Paramount team has a solid track record in the acquisition and takeover of individual assets as well as chains of hotels. To date, Paramount's largest single transaction included the successful acquisition of 27 hotels together with Olympus Real Estate partners. Our finely-tuned takeover plan addresses all aspects of the process to ensure a smooth management transition and a seamless experience for hotel guests.

Whether a new or existing property, our ability to mobilize quickly and effectively makes Paramount the right choice.

 

Hotel Development

The Paramount team is responsible for the development of one of the most successful new hotel brands in the history of the United States hospitality industry within the last ten years. Proficient in site selection, feasibility analysis, site layout, land acquisition, municipal approvals, construction and pre-opening, Paramount provides invaluable assistance to an owner seeking a new hotel project. Key to Paramount's success is a hands-on approach towards development. By quarterbacking the various professionals and contractors involved in development, Paramount ensures an efficient approval process, effectively manages project costs and expertly monitors construction.