Haven't stayed here but judging from the comments on this shellen.com entry, seems Ian has once again created an ultra hip hotel with broom closets disguised as rooms.
Of course, the celeb sighting factor is always going to be high at a Schrager property, here is more [via shellen.com]:
I'm staying at the Ian Schrager's Paramount and it's ultra hip. Since I arrived late and was travelling during dinner I went down to the bar to order a light meal. The kitchen was closed so I turned to head out, but I made eye contact with a trucker cap wearing hipster sitting alone in the bar. Turns out it was Jamie Kennedy, star of stage and screen. I said 'Hi' before moving on, since I was doing the 'guy who looks 5 seconds past appropriate' look.
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