I've stayed at PH twice - both times were during CES week (2013 and 2014). The hotel is conveniently located on the strip and very close walking distance to City Center. Affordable rooms that are much higher in quality than their neighbor, Paris. Each room is decorated with a movie theme featuring memorabilia from the actual film. The King rooms I stayed in were standard and spacious. It's not fancy like Aria or Cosmopolitan but for the price it's within reason.
There was never a long wait for cabs, valet was a breeze (in and out) plus, the casino isn't as congested as other popular casinos.
My only gripe about PH is the high price to use the gym (fitness center). I paid $25/day to use it and even though they keep it stocked with fresh fruit and ice cold water it just isn't worth it. Maybe $10-$15/day would have been more suitable.