This is the go to place for vegas/clubbing enthusiast. The rooms are suites and so there is plenty of room to fit 8 ppl on beds/sofa pull outs/couches comfortably. You can pack a couple of more on the floor. Nice and spacious!
Its located near everything you need. It connects to Palazzo which has a fun casino with lots of young and old gamblers. The air is more ventilated so you don't have to worry about the cigarette smell. You can cross the streets to go to Treasure Island, Encore/Wynn and even the Fashion Mall. Its walkable! Secondly clubs/lounges are nearby:
Tao @ venetian
Lavo Lounge @ Palazzo
Tryst and XS at Wynn/encore hotel
It's a great location overall!
Room prices can range but if you have more ppl it can still be on somewhat of a budget, and since club/bars are nearby/walkable you can save on cabs.
My boyfriend also likes going to Grand Lux for their Pasta Carbonara as a late night, after drinking snack. Beware, long wait time even after you get seated.