Park Hyatt Sydney
The Park Hyatt's biggest draw is its waterfront address within the Rocks, Sydney's oldest precinct and a fascinating hive of convict-built pubs, galleries, eateries, and boutiques. With position comes price. Upon reopening, the 155-room hotel boasted Australia's highest average room rate and, on its newly created fourth floor, the city's largest penthouse: the panoramic two-bedroom Sydney suite, which has a sauna and a round-the-clock butler. Sliding walls and other deft design elements imbue the smaller, apartment-style guest rooms with a seductive intimacy. The service is, in a word, superb. Doubles from $790.