Manhattan's top hotels are putting on the glitz with some extravagant new suites—and charging a king's ransom for the keys. For a mere $7,500 a night, the Mandarin Oriental (80 Columbus Circle; 212/805-8800; offers a dizzying vantage from its two-bedroom, 2.5-bath Taipan Suite, hovering 54 stories above Central Park. The interior is fit for a modern-day Hong Kong noble, with Asian and Deco accents. The Four Seasons (57 E. 57th St.; 212/758-5700; is planning to open its I.M. Pei–designed Penthouse Suite this spring. Measuring a grand 3,000 square feet, with panoramic vistas from the 52nd floor, the hotel's pet project has taken four years to create. With a price tag of more than $30,000 a night, it will be the costliest sleep in town. And the Peninsula (700 Fifth Ave.; 212/956-2888;—which already has a $10,000-a-night, two-bedroom pad with a grand piano and a dining room for 10—looks to be raising the stakes of the New York suite wars. Rumor has it that the hotel is planning a lavish, multi-tiered palace in the sky. You could probably book out three entire Best Westerns for the kind of cash this lair will cost, but today's high rollers will settle for a few extra bedrooms and bragging rights. —P.J.L.

The Peninsula New York

Four Seasons Hotel New York

Raising the opulence bar—even for a Four Seasons property—this soaring, sleek, I. M. Pei-designed tower epitomizes the cool high life in this coolest of American cities. The spare stone façade leads to a cavernous marble lobby, where the voices of arriving guests echo among angular stone columns and vaulted skylit ceilings. Fifty-two stories high, the hotel has 368 rooms with views overlooking the midtown skyline (if you're facing south) and Central Park (to the north); the higher you go, the better and more expensive the vantage point. The average 600-square-foot size is massive by NYC standards, and all rooms are kitted out with clean-lined wood furniture; velvety fabrics in shades of champagne and cream; and spacious marble baths, many with soaking tubs. The amenities include a spa offering rose-petal foot soaks.

Room to Book: Corner rooms on the 28th and 29th floors have great views at lower-floor rates. If price is truly no object, the Ty Warner Penthouse Suite is a 4,300-square-foot palace with 25-foot cathedral ceilings, a private elevator, a grand piano, and an indoor Zen garden (approximately $45,000 per night).

Mandarin Oriental, New York