The Palms has a wonderful feel to it in a small and quaint package. What there is at the hotel is mostly well done. The concierge offered amazing service and helped tremendously during our stay.
I would say a few things. The in room dining was marginal at best and the menu is terribly disappointing. The spa is itty bitty so don't expects the full experience you may be used to at resort type properties. Breakfast is just marginal and a terrible value.
Those things don't ruin the experience, and I would recommend it for budget conscious travelers as it was a nice value in terms of the room.