This is the best hotel in town by far. The bar scene is hip but low-key (this is not "The W" crowd.) The service is friendly (If you want attitude, go to the Mondrian), and the food is first class. And if you're into modern French/Asian decor, this is the place for you. This is not your grandma's hotel (go to the Regent for that).
Pros: Free valet parking, friendly service, excellent food
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