I stayed at Hotel Charm, as it is known (there is a review under this name too) in May 2005. The hotel is modern and clean, rooms tastefully decorated with flat panel Tvs, fridges and airconditioning in the rooms, sheets and towels seemed to be changed daily.
There are 3 bars, serving food and 'local' drinks pretty much all day ~ I think free alcohol was served till midnight. Tuborg, the beer on tap, was not the best, but was certainly drinkable. The buffet lunch and dinner was good with plenty of salads and cooked food, including kebabs and other meat cooked on demand at a grill most nights.
The hotel grounds are nicely landscaped, and although there is not a direct walk to Bodrum town centre except by a hilly main road, there are boats that will take you across the bay for about (2.5YTL) 60p which run most of the day - a late night taxi home won't cost you more than about (10YTL) £4. The hotel is also walking distance to Gumbet.
All in all, a really nice destination with a wide variety of age groups, but with a no children policy.
This review is the subjective opinion of a TripAdvisor member and not of TripAdvisor LLC.