In our daily approach to management, we apply consistent standards of service to every aspect of hotel operations. To achieve success, Paramount provides consistent monitoring of all operated departments and the physical condition of each hotel.

Property Management

Paramount’s management staff consists of highly skilled professionals specialized in operating limited service, full-service and extended stay properties. Our team is constantly analyzing and directing the needs of each hotel, recognizing properties that perform well and motivating others that need help to maximize their potential. Utilizing this approach, we quickly evaluate and implement changes to ensure a proficient and motivated team manages each property effectively and efficiently.

Our comprehensive property maintenance and capital improvement plans ensure that our hotels are in the best possible condition within budget guidelines. Our efforts result in high scores from franchisers on customer satisfaction reports.

Sales & Marketing

At Paramount, property-specific strategies for sales and marketing are incorporated into detailed plans to maximize revenue. Plans include the services of revenue management professionals who pro-actively approach setting room rates, establishing customized yield controls and instituting room allotments based on market trends and conditions.

Accounting/Financial Services

Paramount provides centralized accounting management. Our accounting staff closely monitors daily revenues, expenses and cash management. Our system is designed to provide senior management and owners with accurate and timely financial data. Owners receive monthly statistical and financial reports and analysis that effectively monitor the performance of their assets.

Operational Accounting

Paramount’s accounting department continuously monitors and documents each property’s income and expenses. From reconciliation of bank accounts, credit card payments, direct billing and bank deposits to vendor payments and payroll services, Paramount’s financial reporting system can determine cash positions at anytime.

Capital Improvement Accounting

Paramount’s construction and capital expenditure accounting system provides the necessary safeguards to monitor contractor payments. Our system coordinates contractor payments with invoices, insurance requirements and lien release documentation to ensure that responsible parties have fulfilled their obligations at time of payment. Monthly job cost reports are provided for both new construction and renovation projects.

Food & Beverage

Paramount’s professionals have created popular concepts for hotel restaurants and lounges. Our standards of operation are individualized to specific property and consumer needs. Restaurants, lounges, meeting and conference space are positioned to complement a hotel’s character and market. Each space is designed to require minimum capital investments while targeting maximum rates of return.