A favorite of European visitors and business travelers who work in fashion and entertainment, Grace delivers high-design lodgings on a budget. The decor is modern and playful—Jonathan Adler reflective wallpaper, bright geometric patterns, and a check-in desk that doubles as a newsstand. Guests and locals gravitate to the glowing lobby bar and swimming-pool lounge (a real glassed-in pool, with sauna and steam room) for cocktails and eye candy. Rooms are smallish—but smartly designed (comfortable beds are elevated on platforms, so luggage can be stored underneath) and well insulated from street noise. Room capacity varies from two to four people (in a quad bunk-bed layout—each bed with its own TV and headset), convenient for traveling with teenagers or kids.