There are few more stylish places to base yourself in Shanghai than this breathtaking 19-room, four-storey South Bund converted 1930s warehouse right by the Cool Docks. Gazing out onto supreme views of Pudong or into the crisp courtyard, the Waterhouse’s rooms are perfection itself. Service can be wanting, though, and it's isolated from the action.
There is a lovely rooftop bar.