Brokerage and advisory firm Paramount Lodging Advisors has been recognized as one of the fastest-growing private U.S. companies, according to the annual Inc. 500/5000 list. PLA ranked No. 188 out of 5000 companies. In order to rank in the top 500, companies had to achieve a minimum of 918.59 percent in sales growth over the previous three year period.
PLA said its three-year sales growth was 2,288 percent, making it the third-fastest growing private company in Chicago, it said.
"We started Paramount in June of 2007 at the beginning of the economic downturn," said Senior Managing Director Daniel Beider. "We came together as a group of passionate entrepreneurs and built a strong business model. The resulting foundation helps us instill an entrepreneurial drive in each of our new agents, never wavering from our demands of the highest levels of business acumen and ethics. We are resolute in maintaining those same disciplines, confident we'll exceed both our clients expectations and target market share. Pushing forward, we'll stand tall on our foundation, we'll maintain our strict principles and always allow our curiosity and creativity to push the boundaries and shift a paradigm within hotel brokerage and consulting."