Set in the city's renowned 798 Art District, the Grace Beijing is an interesting alternative to staying near downtown or the Olympic Village. Formerly known as the Yi House — a moniker that's now used for the excellent on-site restaurant — this luxury hotel offers 30 rooms and suites, each featuring its own contemporary design and artwork. Also on-site are a 24-hour fitness center, an outdoor garden, and a killer cocktail bar named after the district in which it sits. But the biggest amenity might be its location, which puts you within walking distance of some of the best bars, restaurants, and art galleries in the city.