Blue Pearl Suites is a great place to stay when you want to be just a block away from the beach and 5th Ave. We stayed in one of their 2 bedroom units with some of our good friends and loved the location. The hotel staff is great, Julio is the manager and he provided fantastic recommendations for places to visit and eat.
The only potential downside depends upon your perspective. Its one block south of 12 Norte which is the corner with several clubs that play music into the early morning. With the windows closed and the A/C going it didn't bother us, and we liked the proximity to 5th and the beach, plus the clubs were fun for a couple of nights.
Overall I'd highly recommend the Pearl. The roof top pool is quiet and a nice view of the ocean, and with only 8 unit in the bldg it was never busy.
We plan on returning on our next trip.
