The famous Italian fashion house lent its flair to this stunning, decidedly opulent hotel, the first of its kind in the world. Sink into one of the sofas, armchairs, or circular banquettes in the recently refurbished lobby and watch the beautiful people walk by. The original marble-and-mosaic tiled floor and gigantic chandelier remain, but the ornate marbled columns have been reborn as sleek, cream, black-topped pillars offset by touches of greenery and opulent soft furnishings in turquoise and fuschia. Rooms in low-rise wings surround a lagoon pool edged with palm trees and a sandy artificial beach. Some have balconies with views over the Broadwater; others overlook the pool. Condos offer full kitchens and laundries; some come with private plunge pools, barbecues, and marina berths. The signature restaurant, Vanitas, serves fine Modern Australian cuisine; Vie's contemporary menu is a relaxed alternative; and Il Barocco does a terrific seafood buffet (A$84) and buffet breakfast ($46).