In a highly anticipated announcement, Passalacqua, an exquisite 18th-century villa situated on the picturesque shores of Italy's Lake Como, has clinched the title of the world's finest hotel. This prestigious accolade was bestowed by the esteemed 50 Best organization during a ceremony held in London on Tuesday.

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Formerly the cherished residence of the renowned composer Vincenzo Bellini, Passalacqua exudes timeless elegance. Nestled amid seven acres of meticulously manicured terraced gardens, the villa hotel offers an unparalleled experience for discerning travelers. Rates for this opulent retreat begin at $1,300 per night, as reported by the 50 Best organization.

What sets this announcement apart is that it marks the debut of the 50 Best organization into the realm of hotel rankings. Previously celebrated for its rankings of "The World's 50 Best Restaurants" and "The World's 50 Best Bars," the organization has now ventured into the world of luxury accommodations.

The rankings for "The World's 50 Best Hotels" were meticulously curated through nominations submitted by a panel of 580 anonymous voters. This distinguished panel comprised travel journalists, seasoned hoteliers, and globetrotting connoisseurs who span the corners of the globe, as detailed by the organization.

The list of the world's top 50 hotels is a testament to luxury, opulence, and exceptional hospitality:

The '50 Best' Hotels in the World:1. Passalacqua, Moltrasio, Italy2. Rosewood Hong Kong, Hong Kong3. Four Seasons Bangkok at Chao Phraya River, Thailand4. The Upper House, Hong Kong5. Aman Tokyo, Japan6. La Mamounia, Marrakech, Morocco7. Soneva Fushi, Maldives8. One&Only Mandarina, Puerto Vallarta, Mexico9. Four Seasons Firenze, Florence, Italy10. Mandarin Oriental Bangkok, Thailand11. Capella Bangkok, Thailand12. The Calile, Brisbane, Australia13. Chable Yucatán, Chochola, Mexico14. Aman Venice, Italy15. Singita Lodges, Kruger National Park, South Africa16. Claridge's, London, United Kingdom17. Raffles Singapore, Singapore18. Nihi Sumba, Wanokaka, Indonesia19. Hotel Esencia, Tulum, Mexico20. Le Sirenuse, Positano, Italy21. Borgo Egnazia, Savelletri, Italy22. The Connaught, London23. Royal Mansour, Marrakech, Morocco24. Four Seasons Madrid, Spain25. Aman New York, United States26. The Maybourne Riviera, Roquebrune-Cap-Martin, France27. Rosewood Sao Paulo, Sao Paulo, Brazil28. Capella Singapore, Singapore29. Le Bristol Paris, France30. Park Hyatt Kyoto, Kyoto, Japan31. La Reserve, Paris, France32. Gleneagles, Auchterarder, Scotland33. Hotel Du Cap-Eden-Roc, Antibes, France34. Cheval Blanc Paris, France35. Four Seasons Astir Palace Hotel Athens, Greece36. Soneva Jani, Maldives37. The Newt in Somerset, Bruton, United Kingdom38. Amangalla, Galle, Sri Lanka39. Hoshinoya Tokyo, Japan40. Desa Potato Head, Bali, Indonesia41. Eden Rock St. Barths, Caribbean42. The Siam, Bangkok, Thailand43. Badrutt's Palace, St. Moritz, Switzerland44. Atlantis The Royal, Dubai, UAE45. The Oberoi Amarvilas, Agra, India46. NoMad London, United Kingdom47. The Savoy, London, United Kingdom48. Equinox New York, United States49. Six Senses Ibiza, Balearic Islands, Spain50. Hôtel de Crillon, Paris, France

The compilation of the list reveals a distinct dominance of hotels from Europe and Asia, with Asian establishments securing half of the top 10 positions. France boasts the highest number of hotels on the list, with six splendid properties scattered across the country. Italy closely follows with five exceptional establishments, although none in the capital, Rome. At the city level, Paris, London, and Bangkok each shine with four prestigious hotels making it to this illustrious top 50.

In a world where luxury and hospitality reign supreme, Passalacqua Villa on Lake Como stands as a beacon of excellence, earning its place at the pinnacle of "The World's 50 Best Hotels." This accolade not only celebrates the heritage of this 18th-century gem but also underscores the timeless allure of Lake Como as a destination of unparalleled beauty and hospitality.