Management Team

David A. Simon

Chief Executive Officer

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.

Ethan Kramer

President

Ethan Kramer is a co-founder of Paramount Hotel Group and has served as President since its inception in 1999. He is also a veteran of Prime Hospitality Corp, having 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, Ethan oversees the general operation of the company as well as focusing on acquisitions, business development, operations and investor relations. He 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 various capital partners including private equity firms, REITs and high net worth investors. Ethan has structured joint venture relationships with these partners that are providing a platform for portfolio growth.

Rich Szymanski

Chief Financial Officer

Rich has been a financial executive for over 30 years and is responsible for all aspects of finance including accounting, financial planning and analysis, treasury and risk management for Paramount Hotel Group.  He has raised over $2 billion in financing throughout his career.

Rich started at Ernst & Young in the audit division where he attained Manager Role. He held several financial roles at Prime Hospitality, including CFO. Rich was instrumental in the sale of Prime to Blackstone and he stayed on with Blackstone for an additional year during the transition.

Most recently, Rich was the CFO for Morgans Hotel Group for the past 12 years and was the Interim CEO for two years. He led the Morgans’ IPO and sale of company. Rich is a Member of Boston University Dean’s Advisory Board for the School of Hospitality Administration.

Peter Marino

Senior Vice President

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. Peter’s success in operations stems from a career that began over 40 years ago as 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 a liaison to asset managers, Peter provides our capital partners with candid and invaluable insights to operational issues and recommendations that lead to resolutions and margin improvement.

As Vice-President – Business Development and earlier as Vice-President – Operations for Prime Hospitality Corp, Peter 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, Peter consistently improved service and productivity standards and successfully repositioned hotels and secured management contracts throughout the U.S.

Stephen Siegel

Senior Vice President

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.  His 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. Stephen’s responsibilities include overseeing his team of construction project managers on hotel renovations and new hotel developments, as well as monitoring the design, FF&E purchasing and franchise coordination for hotel owners and 3rd party management companies.

Prior to joining PHG, Stephen was the Vice President – Construction for Prime Hospitality Corp, responsible for over $1B in new hotel construction.  He also managed the capital improvement process for Prime’s total portfolio of over 200 hotels

Terry O'Leary

Senior Vice President – Food & Beverage

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. He began his career over 35 years ago in the family hotel business in North Carolina and Daytona Beach, Florida. Terry 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.

David Hale

Vice President – Business Development

David joined the Paramount team in April of 2018.  With more than 24 years of hospitality industry experience, David Hale leads Paramount Hotel Group’s expansion efforts in securing third-party management agreements.   He also plays a key role in fostering new joint venture opportunities and working with lenders, capital partners, brokers and franchise development leaders.  Prior to Paramount Hotel Group, David was at Spire Hospitality where he held a similar role and responsibilities.

Previously, David has held various industry positions including Vice President – Sales for a portfolio of 30 hotels with Interstate Hotels and Resorts.  He also spent nearly 15 years with Promus Hotels / Hilton Worldwide in regional roles and led many brand training leadership courses in revenue management, sales and operations.  David has worked closely with top industry leading brands such as Hilton, Marriott, IHG, Hyatt, Wyndham and Choice Hotels.

Andrew Director

Vice President – Revenue Management

Andrew joined The Paramount Hotel Group in June of 2014, and oversees revenue management 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 various franchises and to maximize revenue for all properties. 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 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, he 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.

Ed Dykes

Vice President – Hotel Acquisitions

Ed joined Paramount Hotel Group in 2006. He is primarily responsible for implementing PHG’s plan for growth and expansion through 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 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 (now Hyatt Place). Ed has held other multi-unit operation positions with Marcus Hotel Brands and Helmsley Hotels.