With a strong background in feasibility analysis, PHG concentrates on hotel acquisitions that meet the investment criteria of its various capital partners including private equity firms, REITs and high net worth investors. He has led the expansion of PHG since inception and was instrumental in the acquisition of the Book My Group subsidiary. In his capacity as President of PHG, Ethan oversees the general operation of the company as well as focusing on acquisitions, business development, operations, and investor relations. He was also responsible for over $400 million in public offerings and was named 1995 CEO of the Year by Hospitality Valuation Services Executive Search.Įthan Kramer is a co-founder of Paramount Hotel Group and has served as President since its inception in 1999. This included operating a full-service portfolio under third-party brands including Marriott and Hilton and developing three proprietary brands: the highly successful AmeriSuites (now Hyatt Place) hotel brand, the Home Gate (now part of Extended Stay America) chain, and the Wellesley Inn ( now part of La Quinta) brand. David directed the company’s growth from 30 hotels to over 200 hotels. climbing to the rank of President, CEO and Chairman of the company by 1989. David began his career in 1977 as a corporate real estate and securities attorney with Prime Hospitality Corp. Prior to the 2008 recession, PHG and its partners timely disposed of 24 hotels achieving significant returns for capital partners. Through various partnerships, PHG’s portfolio grew to over 30 hotels. David is a true entrepreneur who thinks like an owner and works closely with partners and employees to achieve success.ĭavid has spent 40 years in the lodging industry developing two hotel companies PHG and Prime Hospitality Corp, a NYSE company. He possesses the unique ability to find undervalued hotels and provide a strategy to unlock its intrinsic value. David concentrates on strategic planning and expansion for PHG and its subsidiaries. David Simon is the CEO and co-founder of Paramount Hotel Group (PHG).
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