Faena has also started a residency program, where an artist gets to shack up at one of the hotel's stylish rooms and work on his or her craft. In November, it was Franz Ackermann -- known for his colorfully bombastic yet abstract creations. Faena also awards a Prize for the Arts. The 2012 winner was Argentine artist Franco Darío Vico, whose work will be exhibited at the center in July.
21c Museum Hotel, Bentonville, Arkansas
While the rest of the hotels featured on this list hail from some of the biggest cities on the globe, 21c makes the cut for its third outpost, a 2-month-old operation tucked away in Bentonville, Arkansas. 21c has made headlines for delivering properties that nurture the contemporary arts scene in Louisville and Cincinnati. The Bentonville offshoot is equipped with 12,000 square feet of exhibition and event space that will see a rotation of solo and group shows. Eight site-specific installations (from sculpture to wallpaper) from emerging artists like Alexandre Arrechea and Rob Wynne are currently on display.