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At Paramount, we offer full service construction management with expertise in both new hotel construction and renovation of existing hotels. The Paramount team has managed the construction of over $1.0B worth of new upscale limited service hotels and completed over $400M worth of capital improvements in limited service, full service, extended stay and resort properties. Experienced in all aspects of construction, we are prepared to work side by side with owners or to take full control of a project from concept through completion. Areas of expertise include design, contract negotiations, construction monitoring, construction progress meetings, applications for payment and change order review, FF&E purchasing and property turnover. Paramount's early involvement in either new construction or renovation projects yields more reliable estimates of project costs and completion schedules. On new construction or renovation projects, we understand the balance between owner's needs and franchise requirements. Our team works with operations to evaluate the requirements, weighing costs with measured benefits of increased revenue and/or profitability. Our construction professionals facilitate a project with frequent site visits to monitor contract compliance and superior workmanship. Paramount maintains the same expectations as you, the owner, in creating a quality product within budget and completed on time. Our expertise in construction is an invaluable asset to an owner concerned with controlling costs and monitoring the performance of contractors. Once a project is completed, Paramount will make sure all contractors' obligations necessary for the hotel opening are complete. This includes any deficient items remaining after receipt of the certificate of occupancy.