Nicky Hilton has announced she will launch her own hotel. Makes sense since her family is involved in the industry and she spends most of her days traveling the world going from hotel to hotel, but does Nicky really have what it takes? She already has her handbags and t-shirts and now she wants to do hotels - is she really this business savvy or is she just putting her name on the door? Here's more:

"I've always wanted to do it," says the lodging heiress who plans to renovate two existing buildings to open the "Nicky O" on Miami's famed Ocean Boulevard in November. "I've been around hotels my whole life, and I know a good hotel when I see one."

Shortly after, her second Nicky O will open on Chicago's historic Printer’s Row. "Miami will definitely be a party destination, and Chicago will be a little more calm," she says.

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.