It's our favorite time of year. Travel + Leisure has released their "It List 2010" of the 45 best new hotels in the world. The mag's esteemed editors have hand-picked the year's most exciting hotel debuts, to be revealed in the June issue which hits newsstands this month. What's especially cool to see: ten of the properties have room rates of less than $300 per night. Can't wait til May 21st to see the list? We've got the skinny:

UNITED STATES

+ Bardessono, Yountville, California

+ St. Regis Princeville, Kauai, Hawaii

+ Ranch at Rock Creek, Philipsburg, Montana

+ Andaz Wall Street, New York, New York*

+ Crosby Street Hotel, New York, New York

+ Amangiri, Canyon Point, Utah

+ Waldorf Astoria, Park City, Utah

THE CARIBBEAN , MEXICO, AND CENTRAL AND SOUTH AMERICA

+ Viceroy Anguilla, Barnes Bay, Anguilla

+ Gansevoort, Providenciales, Turks & Caicos

+ W Santiago, Santiago, Chile*

+ Tcherassi Hotel & Spa, Cartagena, Colombia

+ Banyan Tree Cabo Marqués, Acapulco, Mexico

+ Hotel Boca Chica, Acapulco, Mexico*

+ Las Alcobas, Mexico City, Mexico

EUROPE

+ Lime Wood, Hampshire, England*

+ Dean Street Townhouse, London, England*

+ InterContinental Paris Avenue Marceau, Paris, France

+ La Réserve Ramatuelle, Ramatuelle, France

+ Heidelberg Suites, Heidelberg, Germany

+ Il Salviatino, Fiesole, Italy

+ Maison Moschino, Milan, Italy

+ Verdura Golf & Spa Resort, Sciacca, Italy

+ Palazzina Grassi, Venice, Italy

+ Mandarin Oriental, Barcelona, Spain

+ Hotel Consolaciόn, Teruel, Spain*

+ Argos in Cappadocia, Uchisar, Turkey*

ASIA

+ Amanfayun, Hangzhou, China

+ Upper House, Hong Kong, China

+ Peninsula Shanghai, Shanghai, China*

+ PuLi Hotel & Spa, Shanghai, China

+ Serai Jaisalmer, Jaisalmer, India

+ Raas, Jodhpur, India*

+ Alila Villas Uluwatu, Bali, Indonesia

+ Shangri-La Boracay Resort & Spa, Boracay, Philippines

+ Capella Singapore, Sentosa Island, Singapore

+ Langham Place Samui at Lamai Beach, Koh Samui, Thailand*

+ Phulay Bay, a Ritz-Carlton Reserve, Krabi, Thailand

AFRICA, MIDDLE EAST, AUSTRALIA

+ Mamilla Hotel, Jerusalem, Israel

+ Evason Ma’In Hot Springs & Six Senses Spa, Ma’in, Jordan

+ Le Gray, Beirut, Lebanon

+ Four Seasons Resort Seychelles, Mahé, Seychelles

+ One&Only Cape Town, Cape Town, South Africa

+ Taj Cape Town, Cape Town, South Africa

+ Qasr Al Sarab Desert Resort by Anantara, Abu Dhabi, United Arab Emirates

+ Wolgan Valley Resort & Spa, Lithgow, Australia

*Property has starting room rates of $300/night, double, or less.