Price is great for the location. Our room was good, the hotel is convenient walking distance to a lot of places. The hotel is connected to Paris and the Bellagio fountains are right across the street. All the staff was wonderful, from the bellhops to checking in to booking my airport shuttle for me...everyone was super helpful and sweet to deal with, and get five stars.
The negatives: No coffee maker (or fridge) in the room. You have to get room service or go down to the coffee shop across from check in for coffee. And even then a regular coffee or tea is $3.45. The room pretty much only comes with water glasses. There isn't even conditioner, just 'conditioning shampoo'. Not the same for us long-locked ladies. The bathroom is all in one - the sink, toilet, and tub are all behind one closed door. So if you are sharing a room make sure you don't mind sharing the bathroom as well. There is a casino, but it is pretty small, loud, and smoky. I would rather play elsewhere. There is a small gym but you have to walk through a mini strip mall in the basement to get there. That was weird. There is also a spa but we didn't go so I'm not sure how it is.
Overall, a great budget option right on the strip. Just don't expect any frills. And bring your own coffee maker or electric kettle.