Welcome to the ultimate party clubhouse for the style set.

From a distance the gleaming Dream Downtown looks like a massive stainless steel cheese grater reflecting Lower Manhattan lights from its prime location at the cross section of the trendy Meatpacking District and Chelsea. Welcome to the ultimate party clubhouse for the style set: On any given night Pretty Young Things roam the street-level lobby in stilettos with Middle Eastern oligarchs and international bankers armed with black cards. The 316 rooms have large porthole-style windows that look onto the cityscape and over the sceney pool. Booking a suite will get you a hot tub and private terrace. Looking to splurge? The Guesthouse, fresh off a $1 million renovation, has a collapsible bookshelf that turns into an extra bed and includes an at-the-ready “sneaker stylist.” The fanciful design extends to the hotel’s second-floor terrace, where a glass-bottomed pool seemingly floats over the lobby below, fringed by scantily clad guests lounging on daybeds dotting the St.-Tropez-inspired deck. Other highlights include the PH-D Lounge, the ultra-exclusive top-level club; Electric Room, the underground speakeasy; and Bodega Negra, an outpost of London’s famous tequila restaurant.