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(TH)The Paramount (with the word hotel conspicuously absent from its name) would be more than a place to sleep. And no surprise given Schrager’s background in defining the quintessential New York night life during the late ’70s and early ’80s with both Studio 54 and the Palladium. The Paramount, as his mind’s eye saw it, would offer the best of services by bringing in some of the acknowledged...