PRG Hospitality Group’s recently opened property, The Prospect Hollywood (suites from $399 per night, theprospecthollywood.com), has been carefully restored into a sophisticated design haven in the center of town. “The most important job of a boutique hotel is to be different, stand out in the crowd, create magical memories for guests and give a true sense of place,” says Martyn Lawrence Bullard, who handled the hotel’s stunning design. “For me, The Prospect has all those ingredients and will certainly play into the fantasy of old Hollywood: romantic, enveloping and unforgettable.”