The storied Diamond Horseshoe at the Paramount Hotel in Midtown will soon re-launch as a private event space. The venue had been home to “the sensually interactive dinner theater spectacle” known as “The Queen of the Night.”

Back in 2013, landlord Aby Rosen commissioned “The Queen of the Night” to play for six weeks, but it ran for two years. Its last night was a black tie extravaganza on New Year’s Eve.

Diamond Horseshoe was a former Times Square vaudeville venue that closed in 1951. Rosen restored the 6,000-square-foot space and is now giving it a new identity. LDV Hospitality will transform the basement venue into a private event spot, according to the New York Post.

Last May, reports emerged that Rosen was looking to sell the hotel. Rosen’s firm RFR Holding
bought the property at 235 West 46th Street in 2011 for $275 million. [NYP] –Christopher Cameron

Source: Times Square’s Diamond Horseshoe to become private party venue