My wife and I loved this place for a couple of reasons. First, the rooms were awesome - a small 'living room' and bedroom separated by french doors. Even though the total square footage wasn't much bigger than a standard Marriott room, the setup made it feel more spacious and comfortable. The hotel has been renovated somewhat recently, as the furnishings, carpet, etc. were all quite nice. In-room refrigerator was a nice touch.
We also loved that it is close to the strip, but not on it. We went to Vegas to see a couple of Cirque du Soleil shows, not experience the Vegas strip and it's noise. We felt that the hotel was very quiet (for a city) because of its location. If you wish to use the monorail, it's only 1 block away.
Downsides: no restaurant in the hotel. The pool area is small and less-than-attractive. The shower water pressure is, well, rather strong. No way to reduce is. It can be quite brisk, and it seemed ridiculous to use that much water in the desert.
Overall, we'd happily stay there again, if we could ever talk ourselves into returning to Vegas.