The Clay Hotel at Washington and Espanola Way dates from Miami Beach's first glory days of the 1920s when Espanola Way was the playground of the wintering wealthy. The 138-room boutique hotel has been renovated in contemporary no- frills without losing any of its historic charm  (or adding an elevator).  Ideally located steps from all the eateries and shops of Espanola Way and only blocks to the beach, Lincoln Road Mall and the Dream Night Club, it also offers extended stay arrangements.