One of the area's two full-service hotels (the smaller Inn at Keystone is the other) this rare non-condo sits on Keystone Lake with views of mountains and well, condos. Still, a $2 million renovation has helped liven this mainstay lodge. Its 152 rooms and suites are decked out with blond-wood furniture and an understated alpine look. Dercum Mountain and the Snake River Valley fill many a window space, while some rooms also feature balconies. You can't miss the spa, expanded in 2007 to 10,000 square feet; it's the only one in Keystone.
Tip: Book a ski and spa package, which includes lodging, two lift tickets, and two massages.
Room to Book: The 14 loft suites have with pullout couches in the living room and bedrooms atop a spiral staircase—just don't attempt them with ski boots.