Paymons is one of my favorite Mediterranean establishments in Vegas! I have never tried the Hookah lounge, so my review is based only on the restaurant side. First off, I have to mention the décor. I love the way it's decorated, and I think that it adds to the ambiance of the establishment.
The menu is quite extensive with your typical Mediterranean offerings with some Italian and Indian thrown in. I usually get one of the kabob platters. The meat is high quality and the portions are very large, I usually end up taking about half home. They not only give you normal rice typically seen at a Greek or Persian restaurant, but another dark colored spice rice, which is my favorite!
I believe they do 25% off for locals on Wednesdays. It gets a little busy, but nothing unreasonable.