  A new holographic duality named Kerr/CFT correspondence was recently proposed
to derive the statistical entropy of four-dimensional extremal Kerr black holes
via identifying the quantum states in the near-horizon region with those of
two-dimensional conformal field theory living on the boundary. In this paper,
we apply this method to investigate five-dimensional extremal Kerr and
Cveti\v{c}-Youm black holes with squashed horizons in different coordinates and
find that the near-horizon geometries are not affected by the squashing
transformation. Our investigation shows that the microscopic entropies are in
agreement with those given by Bekenstein-Hawking formula. In addition, we have
also investigated thermodynamics of the general non-extremal Cveti\v{c}-Youm
black holes with squashed horizons.
