On Thursday Nicky Hilton told PEOPLE that she was getting into the hotel business.


Nicky Hilton who plans to renovate two existing buildings to open the "Nicky O" on Miami's famed Ocean Boulevard in November said:

I've always wanted to do it,



I've been around hotels my whole life, and I know a good hotel when I see one.




The 94-room boutique/condo accommodation will include entertainment news tickers in the elevators, a signature scent and rooms deigned by friends – including $5,000-a-night penthouse by clothing designer Roberto Cavalli.


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