Built in the early 1920’s in the heart of the internationally acclaimed Art Deco District, this historic destination is the jewel of South Beach. Located just 2 blocks from South Florida’s best beaches at world-renowned Ocean Drive, the hotel spans one and a half city blocks and has a spectacular piazza. This is a rare opportunity to purchase a unique and successful 165 room hotel with 8 apartments and 17 stores. The income of this property has risen steadily for the past 24 years. It is a solid investment yielding a 7 to 8% tax-free return. Asking $28,000,000.