Italian style enlivens Art Deco Decor at this sophisticated; yet fun boutique hotel in South Beach located on famous Ocean Drive. Built in 1940 as the lord Balfour. The Wave Hotel sits in a quiet spot just a block from the Atlantic Ocean and within a ten-minute walk to nighttime action at hot spots such as Nikki Beach Club. Renovated in 2001, The Wave Hotel attracts a young, chic clientele and the occasional celebrity. Travelers looking for a modestly priced boutique hotel in a great location (and willing to forego a pool) end up here. The hotel stages frequent fashion photo shoots in its granite, gray blue lobby. By early evening, candles sparkle from the lobby to the serene petite garden courtyard. Potential guest should note that The Wave Hotel caters to an adult clientele almost exclusively, so it may be best to leave the young ones at home.