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The Paramount Hotel has had over 80 years to build its reputation, but despite hosting the prestigious memorial luncheon for Andy Warhol in 1987 (with Yoko Ono and Liza Minelli), its best years may be yet to come. Closed for renovations in 1988 (and again in 2009 after switching ownership in 2007), Paramount has been revamped and has just been completed with the recent reopening of Paramount Bar. Times Square may be considered the "land of the tourists" (and thus, forbidden territory) by most New Yorkers, but the stunning interior of this hotel bar was designed to give locals a tasteful hideout from the masses picture-taking in the middle of the sidewalk.