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Paramount Adds Three Management Contracts

Monday January 28th, 2013 - 9:54AM

FAIRFIELD, NJ—Paramount Hotel Group, based here, has added three new management contracts, and expects to add 10-12 hotels to its management portfolio this year.

The three hotels, recently acquired by Lightstone Value Plus Real Estate Investment Trust, Inc., are the following: a SpringHill Suites by Marriott and Fairfield Inn & Suites by Marriott in West Des Moines, IA, and a Courtyard by Marriott in suburban Cleveland, OH.