Extensive improvements to the Park Hyatt have resulted in a luxurious, if chintzy interior. Its location—a stone's throw from the shops and restaurants of tony Yorkville—is hard to beat, and the service is friendly and accommodating. The hotel's restaurant, Annona, is known for its extensive wine list and fine, seafood-based cooking. The traditional steakhouse, Morton's, serves more robust fare. Make sure you stop for drinks at the cozy Roof Lounge for superb views over the lake and city skyline. The hotel's Stillwater Spa is probably the best in downtown Toronto.

Opened in 1903, the “King Eddie” offers plush Edwardian-style rooms, well-appointed with high speed Internet access and 24-hour room service. Victoria's Restaurant is popular with the power-breakfast crowd and serves high tea later in the afternoon. Facilities include a 1,500-square-foot gym, "Le Fitness," and the Nouvelle Maria Spa. Three ballrooms, 12 conference rooms, and a business center make this property ideal for business travelers.