The Saxony was famous for its luxurious rooms, complimentary meals, restaurants and exceptional views of South Beach. It was the first air-conditioned hotel on Miami Beach, and was considered the most expensive and lavish resort of the time. When the hotel first opened, each room was estimated to have cost approximately $21,000, which at the time was thought to be the largest sum of money ever paid for such a project. The rooms featured decks that could accommodate large groups. It was nicknamed the “Ivory Tower” after the nightclub on its top floor.