One of the most fashionable Midtown boutique Manhattan hotels is The Paramount Hotel, centrally located in the heart of bustl ... ing Times Square. Completely renovated in 2009, The Paramount remains the consummate Times Square New York hotel, with easy access to the Broadway Theater District, Restaurant Row, upscale Madison and Fifth Avenue shopping, Penn Station, and the Jacob K. Javits Convention Center. The Paramount Hotel NY is located one-half block from Broadway on 46th Street — the perfect location if you are here to enjoy the best Broadway shows in New York City! read more