Paramount Hotel Group Expands Market Presence In New Jersey With Addition Of Hyatt Place To Portfolio
PRINCETON, N.J. September 27, 2016 - Paramount Hotel Group, a full-service third-party hotel management company, announced today that it has been awarded the management contract for the Hyatt Place hotel in Princeton, New Jersey. Ethan Kramer, President of Paramount, made the announcement.
Located in the Carnegie Center, adjacent to Princeton's Market Fair and Princeton University, the 122-room Hyatt Place features complimentary hotel-wide Wi-Fi and hot breakfast, coffee to cocktails bar serving Starbucks® specialty coffees and tees, premium beer, wine, cocktails, and a complimentary 24-hour fitness center.
“The Princeton Hyatt Place is a premier property and a great addition to our portfolio,” said Kramer. “It's a top performer in a strong market and positioned very well for growth. We will leverage our experience, resources and industry expertise to insure it remains a market leader in Princeton.”
About Paramount Hotel Group
With a history spanning over 30 years, Paramount has a proven track record of success. Paramount has earned its position as an industry leader by expertly managing all aspects of operations for a hotel and maintaining proactive and transparent communication between its properties and the owner's asset management teams. Paramount also earns praise for its ability to create exceptional asset value through renovating, re-branding and repositioning hotels. Paramount continues to look for attractive acquisition opportunities for its capital partners, along with the 3rd party management contracts.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
