From breweries to jails, we've seen our fair share of neglected properties repurposed into hotels. But Quinta Real Zacatecas is among our favorites. Crafted from the grandstands of the restored nineteenth-century San Pedro bullfighting ring, which saw its last bullfight in 1975, this singular place welcomes guests with a glass of sparkling wine. Among the 49 colonial-style accommodations, many of which overlook a central patio, the most appealing are the high-end suites, featuring views of the cobblestone-paved bullring. The three-story house restaurant, La Plaza, resides in the sun stands, with views of the ring, aqueduct and Cathedral of Fatima. Also on-site is the brick-walled Botarel bar in the old bull pen, offering live music on weekends and wines from Mexico and around the world. Adding to the appeal of the experience is the surrounding town of Zacatecas. In this UNESCO World Heritage Site, guests can explore colonial-era architecture and take a cable car from a former mine to the top of Cerro de la Bufa. ¡Olé!