I booked 2 rooms for 2 nights for $199 each through TeamBuy.
I upgraded one of the rooms for a higher floor but only got 2 floors higher for $30/day more.
Checking in was fairly quick, and they made reservations for us at Remington's right away.
The room we had on the 8th floor was close to the elevators and you could hear all the noises from the hallway. You could also hear the toilet flushing in other rooms as well. The view was amazing though. The room size was as expected with 2 queen beds.
The 14th floor observation lounge is in fact sofas placed along the hallway in little nooks overlooking the falls. Parking is outdoor and we returned to the hotel around 9:30-10pm both nights and the parking lot was full, so we had to park on the ramp leading to the parking lot. Applebee's is not really connected to the hotel, you still have to walk outside.
Everything else was as described on the teambuy.
The hotel is a little bit run-down, but did get clean towels and new toiletries after the first night. TV does not offer many channels and image quality was bad but we did not go for the hotel or the tv. The hotel is not that close to Clifton Hill, the main tourist area, but it is very close to the falls. We did not walk down to the falls, but it did seem very close.
Overall, I would say it is not a bad hotel, just a litte bit worn out.

We stayed here over the Xmas period and had a 2 bedroom premium view suite. The best thing about the hotel is the view, Its amazing. The rooms could do with some remodelling. The TV was an old style with a huge back (No LCD TV’s here). The staff was very friendly even though they originally gave us the wrong room but changed it straight away with no problems. There is a nice pool with a view of the car park. Also beware of the car park as it can get very icy and our windows were frozen with 1 inch of solid ice. The Applebee’s next door is really nice but a little pricey although we did expect that as its Niagara Falls. The Jacuzzi worked well in our room but should have overlooked the falls. All in all was an ok hotel and would go back

We purchased a Vaunt package for about $129.00 that included a night at the Oakes, breakfast at Appleby's and dinner at Remingtons. There were many young families in the hotel and I think this is a good deal for younger families or couples. There is nothing really negative about the hotel it's just obviously very busy and well worn as are a number of places in the Falls due to the huge number of tourists. There are no microwaves or fridges in the rooms and the TV offers one of the most limited cable packages with only a couple specialty channels. Rooms are ok, beds comfortable and parking is an extra $15.00 per night. Service is good and you're close to all amenities. The rest of the package is what makes it worthwhile especially dinner at Remingtons which is off the hook!

Used shampoo bottles, tv did not work well, lack of amenities, and the shuttle that was advertised was only for the purposes of taking you to the restaurant, not the falls itself.

There was a fight in the room on our floor and no staff came to see what was happening.
The view was sketchy at best....please save yourself the heartache.

To add insult to injury because I booked through hotels.com, they claimed to be unable to help with the booking, since we had booked online....