When it opened in 1929, this was the largest and tallest building in the British Empire. Although it's now dwarfed by banking towers, the hotel's castle-like exterior still merits its royal name (as does the fact that three generations of England's royal family have napped here). Chandeliers and a decorated ceiling in the sumptuous lobby set a tone of regal awe (which is impossible to match in the rooms, where the once-spectacular lake views have been marred by a row of condo towers). The design of the EPIC restaurant shows grudging acknowledgement that the world has grown hipper (though, to please the traditionalists, it still serves a high tea every day). The gorgeous wood-panelled Library Bar serves a mean Margarita.