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3. Hotel Bulgari: Although an Italian brand, this hotel from the Bulgari jewelry company attracts mostly the European fashion buyers and press, with an emphasis on the French. Compared to our next two Milan favorites, the Bulgari has the most modern interior with the cleanest lines, perhaps best appreciated by those who deal in glamor on daily basis. Of course, recession-friendly rates are unheard of at these hotels, and the Bulgari Hotel chimes in with rooms beginning at 530 Euro a night.

2. Four Seasons Milan: Are you reading this guide simply to try and discover how best to stalk Vogue editor Anna Wintour or Hollywood actresses? You'd do well to sit outside of the Four Seasons, as it's known to be the home away from home for the Americans during Fashion Week. As the popularity rises, the rates do too, and so a night at the Four Seasons Milan (anytime, not just during Fashion Week) starts from 726 Euro.

1. The Principe di Savoia: It may only be a prince of a hotel, but the The Principe is the undisputed king of the Milan Fashion Week scene. From after parties held in the Winter Garden bar to appointments kept in the suites upstairs, the luxury and history of the property continue to set the stage. According to FashionWeekDaily, this last Saturday found Freida Pinto of Slumdog Millionaire, Eva Mendes, and Milla Jovovich all schmoozing around the iconic bar, trading hotel secrets with their guests. Ok, so we made up that bit about them trading hotel secrets, but let us dream. Surprisingly, 280 Euro can get you a standard room here after the fuss of Fashion Week clears out, but the real deals wouldn't be caught dead in anything less than a 713 Euro a night Tower Suite.

[Runway image via Exposay.com; Hotel images via the respective properties' websites]