I have stayed here soooo many times - it's my go-to place when I want to save money and/or have a quieter stay in Vegas. It's close enough to Las Vegas Blvd that you can walk there easily if you want, and it's well located on Flamingo.
Pros: price, large sized rooms (suite style), large bathrooms, fridge and sink in the 'kitchen' area, relatively quiet, cafe is pretty good, front desk staff is friendly.
Cons: I have been staying here almost since it first opened, and the main thing I have noticed is that the room doors keep getting harder and harder to open - it's like the handles are not secure in their fixture and wiggle - often times I have to try several times to get into my room because the handle won't go down when I'm trying to open the door. Also, sometimes my door would wiggle a bit when other people's doors would open and close, which is a bit annoying.
I definitely recommend this place despite my door complaints - it's a great value.