Leopard-print thongs, rollerblading grandmas, body-painted dancers...Miami's South Beach scene may be known for a lot of things, but cheap Art Deco beachfront living ain't one of them. Until now: Welcome to the waterfront, Waldorf.

Room Mate Hotels' latest budget boutique, opening this spring, was renovated from the bones of the 65-year-old Waldorf Towers (no relation to Astoria). The 44 Art Deco rooms have been given a funky overhaul, with an airy Miami vibe that hits the right balance between comfy and sleek.

The spunky Spanish chainlet attracts a young, hip set willing to trade large rooms for prime location, free breakfast and Wi-Fi, and comfy beds at affordable prices (from $139)--kind of like crashing in the (very cushy) guest room of a savvy friend. And like a good friend, Room Mate is giving you a break: 25 percent off Web rates on five standard and five deluxe rooms from the hotel's opening through October 15, 2011 (minus Memorial Day weekend). Book using code rmwaldorf, and tell 'em we say hola.

Photo: Courtesy of Room Mate Hotels