The newly renovated hotel was a great deal (~$35 a night) and we were right outside all the action on Fremont St. I thought it was really cool that there were literally concerts outside the hotel from 12pm to 2am every day during our stay, but I could see how people that wanted to go to sleep earlier than 2 in the morning could find it annoying. I would recommend ear plugs to those people or request to get a room on the quiet side of the hotel (if there is one). This was my first stay on Fremont and it was like a totally different trip than the times when I have stayed on the strip. For one, it is nice that everything is laid back and you don't really have to dress to impress. Also I liked that there are so many places to eat, drink and party for really cheap. It was a nice change.
I will add though that 2 of the 4 elevators in the hotel were broken for at least one day. This was a major problem and our party nearly got in a fist fight with 2 crazy broads that pushed my friend and verbally assaulted her in attempt to cut into the elevator in front of the people that had been waiting for over 20 minutes. I called down to guest services who knew about the broken elevators and requested that a security guard be placed in the hall until they had 4 working elevators - but really I am surprised that they had not done this already, even if it was just to alert people of how to get to the stairs or that they would have an excessive wait.