Paramount Inn

Hotels · New York, NY

Business Summary

Paramount Inn is a hotel located in 256-15 Jamaica Avenue, New York, NY, 11001. It provides accommodation services to travelers and visitors in the New York area. The property has established a solid reputation among guests.

Location & Competitors

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Neighborhood
Tourist district
Foot Traffic
High
Parking
Nearby parking garage
Transit Access
Airport shuttle available
Nearby Landmarks
business districttransit hub

Competitive Landscape

BusinessDistanceDigital ScoreThreat Level
Floral Park Motor Lodge
0.32km
31/100
Weak
Medium
Parkway Motor Inn
1.93km
79/100
Strong
Medium
Ken's house
4.18km
72/100
Strong
Low

Competitive Summary

Showing 3 of 3 competitors within 5km. There are 2 digitally strong competitors nearby.

Financial Estimates

Financial Overview

Estimated Value$2253K
Industry Margin17%
Entry Cost$12M

Market Analysis

Market Size$8B Manhattan lodging market
TrendExtended stay demand increasing
SeasonalityYear-round with convention peaks

Consumer Trends

Bleisure travel growing

SWOT Analysis

Strengths

Internal advantages

  • Strong brand recognition
  • Repeat guest loyalty

Weaknesses

Areas for improvement

  • Limited room inventory
  • Limited parking

Opportunities

External potential

  • Expand event hosting
  • Partner with local experiences

Threats

External risks

  • Airbnb and short-term rentals
  • Regulatory changes

Strategic Recommendations

Quick Wins

Implement this week

Improve Google Business Profile

Add direct booking incentives

Growth Strategies

1-3 months

Launch boutique experience packages

Develop corporate partnership program

Risks to Monitor

Ongoing vigilance

Monitor Airbnb regulatory changes

Maintain property standards

Startup Ideas

AI-generated business opportunities inspired by this analysis

1

Hotel experience marketplace

Create a curated local experience platform for Paramount Inn guests, partnering with nearby attractions and restaurants.

2

Pop-up co-working hotel concept

Transform underutilized spaces at Paramount Inn into bookable co-working areas for remote professionals.

Digital Score

74/ 100
Good

Quick Stats

Competitors4
Est. RevenueN/A
Market TrendExtended stay demand increasing
Digital Score74/100

Contact Info

256-15 Jamaica Avenue, New York, NY, 11001, 11001

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