This boutique offers deluxe Italian linens, plasma-screen TVs, a hip restaurant and luxe Bev Hills vibe—but at a cost that's cheaper than you might imagine.

Thanks to designer du jour Dodd Mitchell, the old Beverly Crescent is now a sleek and modern 35-room hotel that seems more like the awe-inspiring home of a rich friend with impeccable taste. The living room-like lobby boasts low-slung couches and a shag rug in front of a fireplace; guests and local fashionistas nosh on modern comfort food from the restaurant boe and sip cocktails on the furnished patio. Rooms are a study in black and white, with silky-soft linens, DVD players, iPod minis, flat-screen TVs and minibars with gourmet snacks and a selection of CDs.