The new Four Seasons Silicon Valley may have staked its claim to the luxury market in Palo Alto, but now Rosewood's moving in:

Stanford University and Rosewood Hotels and Resorts announced that they are working on plans to develop a 120-room luxury hotel on a 21-acre site directly southeast of the Sand Hill Road/I-280 intersection in Menlo Park. The site, about one mile west of the Stanford campus, is adjacent to land where some of the nation's foremost venture capital firms and other prestigious businesses are situated.

Looks like world-class luxury lodging galore for business travelers.