This really lives up to the 'palace' in its name – a regal mix of chicness, opulence and unashamed luxury that takes the concept of la dolce vita to dizzying heights. Lily-white communal areas set the scene for the lavish guestrooms – some even have their own terraced garden and private plunge pool with Warhol-esque motifs decorating the tiles.
Extras – and there are many – include a spa, swimming pools, a Michelin-starred restaurant and a beach club. It's costly, particularly when you factor in the three-night minimum stay in high season.