For the location and size of the rooms, Elara is a great value for a stay on the Vegas strip. I stayed in a 1-bedroom suite -- which can comfortably sleep at least 6 people since there is a pull-out couch bed in the living room. The pull-out couch bed is quite "springy" but if you need a place to sleep (not on the ground), it is bearable.
One thing to note (some may think it is good, while others think it is bad), is that the staff is strict about noise and having extra guests. You need to have a functioning room key to get into the towers, and you sometimes you get noise complaints if you are playing music/having a few people over. I just feel like the staff needs to realize that this IS VEGAS....and there is an expectation to have friends over and to pre-party.
Otherwise, Elara is still a great place and coupled with AAA discount, it really is a great spot that is often overlooked.