This handsomely updated and elegant historic property (there's been a hotel on this location since 1820) is ideal if you wish to be in the heart of the action—it's directly on the plaza. The warm decor, easy proximity to nightlife and dining, and no-children-under-eight policy make this a great choice for a romantic getaway. The rooms are rustic yet elegant and are furnished in neutral colors with luxury linens and hand-tiled bathrooms. A luxury penthouse on the top floor can be joined with other suites into a super-posh four-bedroom retreat. La Fonda also houses Mosaic restaurant, which serves internationally inspired creative fare.