Paramount Hotel Group

235 W 46th St, New York, NY 10036

Formed in 1999, Paramount has a proven track record of success and a highly personalized approach to hotel management. Paramount is comprised of three operating companies; Paramount Management Associates, a full service, third-party management company for select and full-service hotels; H-CPM, a hotel construction project management firm; and Book My Group, a national sales organization that specializes in group reservations. Paramount has earned its position as an industry leader by expertly managing all aspects of operations for a hotel, engaging in proactive and transparent communication with owners and maintaining strong relationships with all major brands. Paramount earns praise for its unique ability to create exceptional asset value through renovating, re-branding and repositioning hotels. The company is targeting third-party hotel management contracts with owners seeking enhanced financial returns. Additionally, Paramount identifies attractive hotel acquisition opportunities for existing and new capital partners.

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2.8

Overall Excellence Rating

Industry

Hotel Companies

Category

Hotels & Resorts

ESG/Ethical Impact

The company operates comprehensive waste reduction and recycling programs, with a commitment to minimizing waste generation, increasing recycling rates, and reducing single-use plastics throughout its properties. Paramount Hotel Group prioritizes sustainable sourcing for amenities, linens, and furnishings, actively seeking eco-friendly materials and products to reduce its environmental impact. The company diligently adheres to all relevant regulations and standards, ensuring that its operations are conducted within the bounds of the law. The company invests in innovative technologies to enhance guest experiences, streamline operations, and reduce environmental impact through initiatives like smart building controls and efficient property management systems. The company is resolute in its commitment to mitigating climate change, setting ambitious emission reduction targets, regularly monitoring progress, and implementing eco-friendly practices to lower its carbon footprint.

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Awards Received

2023

Revenues

$71,000,000.00

Website Traffic

Employee Rating

3.5

Customer Rating

3.5

Company Size

100-1000

ESG Risk Rating

3

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