A five-star hotel in Switzerland has been selecting as the leading hotel in the world in TripAdvisor's 2014 Traveler's Choice awards for hotels.

The Grand Hotel Kronenhof, a historic property in Pontresina, was one of 7,123 properties selected for the travel distinction. The Grand Del Mar luxury hotel in San Diego was chosen as the top US hotel overall and the top luxury hotel in the US. And, just in time for Valentine's Day, The Palace Luxury Boutique Villas in Koh Tao Thailand was named the best hotel for romance. Honor Mansion, A Wine Country Resort in Healdsburg, Calif., was named the top US hotel for romance.

The winners are determined based on the reviews from TripAdvisor readers and included B&Bs and inns. Italy had the most winners, with 152 properties. The UK had 145, while the US and France had 144 each. It's the12th year that TripAdvisor has compiled the list. 

Some of the other 2014 winners include:

• Best Bargain Hotel in the World: Castlewood House in Dingle, Ireland;

• Best Bargain Hotel in the U.S.: Desert Riviera Hotel in Palm Springs, Calif.;

• Best Hotel for Families in the World: Cavallino Bianco Family Grand Spa Hotel in Ortesai, Italy; 

• Best B&B and Inn in the World: Bindon Bottom B&B in West Lulworth, England; and,

• Top Luxury Hotel in the World: Akademie Street Boutique and Guest House in Franschhoek, South Africa. 

So how much can you expect to shell out if you want to spend a night at one of these properties? The average nightly rate of a Travelers Choice award hotel is $366. If you want a luxury hotel, that will set you back $467 a night and $356 if you want something romantic. Family hotels cost, on average, $237 a night while B&Bs and bargain hotels are cheaper at $138 and $91 per night, respectively.