On a princely perch overlooking the town, the Greek theater, and the bay, this truly grand hotel wears a graceful patina that suggests la dolce vita. A splash of baroque mixes with the Mediterranean in the lobby, which has tile- and brickwork and vaulted ceilings. Wrought-iron and wicker chairs surround marble tables on the palatial patio, exquisite moldings hang on walls the color of butter. Fine linens and drapes, Oriental rugs, and prints in gilt frames decorate the rooms, 32 of which are in the neighboring Villa Flora. Ask for a room with a terrace—given the extraordinary prices you’re already paying, it’s worth a few more euros to be able to gaze over one of Italy’s most memorable vistas.