Lodging

After real estate mogul Aby Rosen bought the Paramount Hotel in New York City’s Theater District for $275 million in 2011, the hotel underwent a $40 million renovation. The overhaul brought the legendary Billy Rose’s Diamond Horseshoe, a 1940s nightclub in the hotel’s basement that hosted vaudeville-style revues, back to life after being shuttered for more than 60 years.