Extended Stay Housing
We are focused on operational excellence in our core business. While many hotel chains have extended stay brands as a small part of their portfolios, we are one of the few hotel companies that focuses on this highly attractive niche in the lodging industry. We expect to deliver a more consistent guest experience and focus our commercial engine on driving more extended stay guests into our hotels.
To highlight some of the factors that make the extended stay segment so attractive, according to industry sources: the extended stay segment of the lodging industry represents less than 10% of total hotel room supply but more than 20% of room night demand. Extended Stay Housing guests – business guests staying 5 nights or longer on projects or training programs and guests going through a life transition – are self-sufficient and value conscious. Their long length of stay and self-sufficiency allows very high margins for Paramount – mid 50% at the property level - which leads to significant free cash flow generation.
Hotel & Restaurant Management
Paramount Hotels is widely recognized as one of the west coast’s premier hotel management companies.
Property & Asset Management
Driving revenues and streamlining expenses with a superior grasp of property operations.
Paramount Hotels has over fifty years’ experience in managing residential hotels in San Francisco.
We understand that each hotel has different strengths, unique challenges, and its own story to tell.
PHI is able to minimize construction and renovation costs, and have a collaborative streamlined experience with any reconstruction project.