Search
 

NJ Hotel Group Adds New Contracts

FAIRFIELD, NJ-Paramount Hotel Group sees abundant opportunity to acquire properties that need upgrades and turn them around. The company is managing hotels bought by the Lightstone Group's REIT.

By Antoinette Martin | Updated on January 28, 2013

FAIRFIELD, NJ-Paramount Hotel Group, an independent hotel management and ownership company based here, has added three new management assignments to its portfolio for hotels acquired by a Lightstone REIT. The company says it expects to add up to a dozen hotel management contracts this year.

The three hotels that have recently come under Paramount’s management were acquired by Lightstone Value Plus, a non-traded REIT. The properties are a SpringHill Suites by Marriott and a Fairfield Inn & Suites by Marriott in West Des Moines, Iowa, and a Courtyard by Marriott in suburban Cleveland, Ohio.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.