Fashion Design and the hotel business may not seem like they go hand in hand at first look. However, in the case of the Faena Hotel, it worked out perfectly. The Faena group owns two luxury hotels and one is located in Miami, Florida. The other hotel is located in Buenos Aires. The Faena was a product of remodeling the old Saxony Hotel and it now stands tall on the coast of Miami overlooking the beach. In honor of the old Saxony Hotel, the most expensive suite in the hotel is called the Saxony Suite and it is priced at $2450 a night.