He invested in a motorbike to carry them around, sold them a few paintings and started down the road that would one day see him create a gallery, a boutique hotel and a beautiful museum of art in Ubud.

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But given the luxury competition along Ocean Drive, it seems surprising that a small, boutique hotel would command the Number One Spot.

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One former home of a wealthy Chinese family opened in 2010 as a boutique hotel, Le Sun Chine, complete with a retro champagne bar.

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The boutique hotel has eight one- and two-bedroom apartments, a large pool, spa, courtyard and sun decks.

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The prestigious 3, 690-room Caesars Palace is in the process of transforming one of its existing hotel towers into the The Nobu Hotel, a Japanese-themed, 81-room boutique hotel designed by architect David Rockwell.

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