News & Trends: Giorgio Armani can now add hotelier to his already impressive resume. After working for five years to develop his Armani Hotel Dubai, Giorgio was all smiles as he cut the ribbon at the opening ceremony. "Yesterday when I arrived and saw the hotel, I felt really emotional," the designer said. "After five years of working on this project, I finally saw how it all came to life. Working with me is not always easy, I think everyone here would agree because my standards are very high."

Those seeking a respite from the excess that defines Dubai will appreciate Amani's signature minimalist approach applied to his clothing line is echoed in the design of his hotel. The 160-room hotel is located in Burj Khalifa (the world's tallest building) and offers eight restaurants, a spa and Armani retail concept boutiques. A standard room in the hotel runs $1,089 a night. Plans for future Armani hotels include Milan in 2011, a resort in Marakesh and residences in Maeassi, Egypt.