(Crystal Proenza is associate editor of Real EstateFlorida.)

MIAMI BEACH, FL-The Betsy Ross Hotel, which has been closedsince May 2007 for a major renovation, is set to reopen in January2009, according to management company Desires Hotels. The landmarkhotel was opened in 1942 with classic colonial architecturedesigned by L. Murray Dixon and a $35 million gut rehab has nowpositioned the hotel as a 63-room boutique structure designed toevoke tropical colonial luxury. The New York-based owner of thebuilding could not be disclosed, according to Desires.

All renovations, including exterior upgrades, will be completedby mid February, says Raul Leal, president of Miami-based Desires.The hotel, now known as the Betsy, located at 1440 Ocean Drive,will feature amenities including an ultra luxury lounge on therooftop, a spa, zen garden, outdoor swimming pool and solarium. ABLT Steak restaurant with seating on the hotel's terrace will beintegrated into the lobby. Room rates range from $400 to$3,000.