After all the talk about converting old jails into luxury hotels, this trend seems rather ho-hum. From the drop-dead gorgeous Hotel Monasterio in Cuzco, Peru to the new Four Seasons Hotel Firenze, there are a whole bunch of monastery-hotels cropping up in phenomenal locations worldwide. Here's what Forbes Traveler says about Villa San Michele:

But it's doubtful there could be a view more serene than that of Florence from the Villa San Michele, a former century monastery that clings to a lush hillside in Fiesole. The monastery portion was built in the 16th century, the façade was designed by Michelangelo and the entire property is run with smooth, contemporary efficiency by General Manager Luca Finardi, an affable Florentine if ever there was one. "The Michelangelo Suite, the monastery's former library, was where Napoleon once stayed," Finardi says.

Perhaps most exciting of these hotel openings is The Augustine, slated to open in January 2009. Housed in five historic buildings around the St. Thomas Monastery in Prague, the new hotel promises abundant style and sophistication- like all the Rocco Forte Collection hotels.