by Jocelyn C. Zuckerman

When hotelier Ian Schrager took over this landmark property in 2006, he brought in artist and filmmaker Julian Schnabel to oversee the decor. The result is as sexy and provocative as you’d expect. In the lobby, red velvet curtains and hand-tufted rugs combine with centuries-old furnishings and a custom Venetian-glass chandelier for an haut Bohemian effect. Pieces from the likes of Damien Hirst, Andy Warhol, Richard Prince, and Jean-Michel Basquiat hang on the walls.

See more art hotels in Rome, Dublin, Hong Kong, Madrid, and Argentina.
From $475. (212) 920-3300, gramercyparkhotel.com. This story appeared in the November/December 2011 issue. Photos courtesy of Gramercy Park Hotel.