Budget central hotel review

Paramount Hotel Times Square

A landmark 1928 Theater District hotel with compact rooms, best judged on location and price rather than space.

Times Square$$ price pointUpdated 17 August 2026For UK travellers
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Editorial take

Who should book Paramount Hotel Times Square?

If this is your first New York trip, shortlist Paramount Hotel Times Square for a practical reason: Theatre trips, short central stays, design history. The name, star rating and lobby photos matter, but the real test is whether the location helps your days feel easier.

It is less compelling if you need room to spread out, or you want quiet residential streets. Before booking from the UK, compare the final price after taxes and property fees, check the exact room setup and make sure your airport arrival route is not needlessly awkward.

Location and map

Where is Paramount Hotel Times Square?

The Paramount is on West 46th Street a few doors from Restaurant Row, putting theatres and pre-show dining within a couple of minutes' walk.

Nearby

Broadway theatres, Times Square, Restaurant Row, Eighth Avenue and Bryant Park.

Closest subway

49 St and Times Square-42 St

Hotel facts

What to know before booking.

Address235 West 46th Street, New York, NY 10036
OpenedOpened 5 June 1928
Rooms597 rooms
Price point$$
Known forA Thomas Lamb-designed landmark on West 46th Street, a famous 1990s design era and a very central Theater District address.
Subway49 St and Times Square-42 St

First-timer context

Why Paramount Hotel Times Square might feel special.

What it is known for

  • The Paramount opened on 5 June 1928 with 700 rooms, designed in French Renaissance style by Thomas W. Lamb, the leading theatre and cinema architect of his day.
  • Broadway impresario Billy Rose opened his Diamond Horseshoe nightclub in the hotel's basement in 1938.
  • Ian Schrager and Steve Rubell bought the hotel in 1986, and Philippe Starck's dramatic redesign of the public spaces followed in 1990.

New York moments

  • The hotel's strongest associations are with Broadway and with the Schrager and Rubell era that reshaped New York hotel design after Studio 54.

On screen

  • The Paramount is better known for its architecture and its Starck-era interiors than for a specific screen role.

Review questions

What travellers keep asking.

Are Paramount Hotel rooms small?

Yes. The hotel was built in 1928 and its rooms are compact even by Manhattan standards, which is the main trade-off for the price and the location.

Is West 46th Street a good place to stay?

For a theatre-led trip it is excellent, with Restaurant Row and most Broadway houses within a short walk. It is busy and noisy, so it suits short stays more than slow ones.

Booking checklist

Check these before you reserve.

Total price

Look beyond the nightly rate. Check taxes, destination fees, breakfast and cancellation.

Room layout

For New York, room size, bathroom privacy, bed type and storage can matter more than star rating.

Arrival route

Match the hotel to your airport, luggage and arrival time, especially after an overnight UK flight.

More hotel research

Keep comparing by trip type and area.