USA, Fairfield, New Jersey. May 31, 2018

Paramount Hotel Group, a growing full-service third-party hotel management company, announced today that it has been awarded the management contract for the Hotel Indigo Newark Downtown. Ethan Kramer, President of Paramount, made the announcement.

The Hotel Indigo is located at 810 Broad Street in Newark, New Jersey at the southernmost end of the Passaic River, just one block from the Prudential Center and a short walk to the New Jersey Performing Arts Center (NJPAC).

The 12-story, 90,000 square-foot hotel building was erected in 1912 and designed by Cass Gilbert as the National State Bank. With exposed brick, beautiful windows, and unique loft configurations, each of the hotel's 108 guest rooms features decor and artwork that reflect the neighborhood's spirit of innovation and invention.

All rooms are equipped with iPads, from which guests can control room service, housekeeping service and window shades, among other features. A business center and fitness center are also on-site. A 4,000 square foot restaurant is located on the ground floor and open for breakfast, lunch and dinner. The signature, one-of-a-kind Ainsworth Rooftop Lounge provides a spectacular view of the New York City skyline. It is open to guests and non-guests alike and features a collection of classic cocktails, American noveau creations and a late-night menu.

“We are excited to have been selected to manage this Indigo hotel,” said Kramer. “With this change, Ownership is focusing on Paramount's core strengths to drive revenue, maximize profitability and provide a quality customer experience.”