Knightsbridge Hotel

Known for creating some of London's poshest boutique hotels—including the Pelham, Covent Garden, and Charlotte Street—Kit and Tim Kemp have gone the budget route with the Knightsbridge, their first bed-and-breakfast. But don't assume that affordable means "lacking in style." In addition to luxe touches like down-filled sofas wrapped in soft wool, the 44-room beauty has everything that made cult classics of the Kemps' other properties: Frette linens, in-room DVD players, granite-and-oak bathrooms stocked with Molton Brown products, and that famed honor bar. Think you've saved some sterling?Think again. The designing duo picked a million-dollar location in chic Knightsbridge: Harrods and Harvey Nicks are just steps away. Knightsbridge Hotel, 10 Beaufort Gardens, London; 800/553-6674 or 44-207/584-6300, fax 44-207/584-6355; www.firmdale.com; doubles from $225, including breakfast. —Richard Alleman