The Luxury Boutique Hotel Paramount New York Gets A New Owner

NewYork 09-189-20091014

The Paramount Hotel is a legend in the world of luxury boutique hotels in New York. Originally built in 1928 (on a design by Thomas W. Lamb) – it’s seen some of New Yorks most exciting times. In 1990 the hotel reopened after a remodelling period, and with new ownership. No other than Ian Schrager, with design help from Philippe Starck.

In 2004 Schrager sold the hotel for $126 million to Sol Melia Hotels and Resorts.

Now it’s been sold for $275 million. The new owner? Aby Rosen, who among other things also owns the Seagram Building and Lever House.

You can read more about this deal in the Wall Street Journal…

 

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