Sadly, not good.
Yes the location is great. But there are many other hotels in the area for the same price that I've stayed at that are MUCH nicer. I was very disappointed with my stay at the paramount.
The internet would just drop every couple of hours. I had to call their tech support and talk to them for an hour until the wireless was 'fixed'. And the kicker; the wifi is $13.00 a day. WTH?
They're going through renovations so that's great, but the rooms that haven't been renovated yet are disgusting. Paint chipping off the ceiling. Disgusting bathroom to say the least.
The weird thing is there isn't ANYWHERE to set things down. No table or desk.
Hall way areas are not well lit. Room walls are paper thin.
The fire alarm went off during my stay. 
Do yourself a favor and check out other hotels.