When I first saw this photo, I thought the two canopy style beds were sweet and cute. A closer look reveals that these beds aren't canopied but built into the wall.
Half of the bed is recessed into the wall! Each of the alcoves is outfitted with a built-in bookshelf so all the child's favorite books and possessions are easily accessible. It's a great architectural feature and provides privacy in a shared room. Want to see more of this room? Run over to Design Dazzle for more photos.