Before staying at THEhotel you have the realize where the property is situated. It's at the far end of the strip and while there is a tram (which only runs during certain hours) it's still a distane from all the action. Whether this is good or bad is really up to you and what you expect, however if you are looking to be in the middle of the action this isn't the place to be.
THEhotel is a great property to relax at. Nothing is done quickly by the staff at the hotel (which is good and bad). You never get the feeling of being rushed and you never get the feeling of people rushing for you. The property is beautiful and feels upscale.
The room was nice, however our TV was broken. Because we were just staying a night we did not request to have it fixed (as it was late at night by the time we turned it on) however when we informed the clerk at check-out about it he really didn't seem to care. Hopefully he made a note after he finished checking us out to have it fixed for the next person. Other than the TV issues the room was just as you would expect out of a property of this level. While it is a little older than Encore, Cosmo, etc... it still provides you with a great room.
We had breakfast at TheCafe and while it was good it did not stand out over any of the other hotel restaurants we have ate at for breakfast in Vegas. What stood out was that you weren't right in the middle of a casino gaming floor while eating and it was nice to have some quiet time to relax and chat.
Mandalay Bay was a short walk from THEhotel (all covered) which gave us access to more entertainment/gaming options and the tram. With the weather being reasonable (spring time) the walk to neighbouring hotels, such as the Luxor didn't feel that far. Because of the hotel being at the far end it seems like it is a little deceiving, that you are expecting it to be farther away from other hotels than it actually is.
THEhotel is perfect for those who are looking for a getaway that allows them to relax in their hotel and enjoy a less dramatic gaming experience (at the Mandalay Bay versus other hotels). If you are a go-go-go person who only wants a place to sleep it does not really seem like it's for you. Get a place in the action surrounded by hotels with more amenities.