We stayed here over new years eve 2012-13 and it was absolutely amazing! Firstly, the hotel is in a great location right in the middle of the strip.
We booked the Terrace Suite which was absolutely beauuuutiful! We had 3 people in the room so we had a king bed which had it's own room, as well as a single bed which was made up in the lounge area. There was a small bathroom with a shower as well as an absolutely beautiful huge bathroom running off of the bedroom which has both a shower and a spa bath. There were TVs in both the lounge and bedroom.
We had free breakfast every morning of our stay (4 nights) but unfortunately we only went on our last morning there. BIGGEST MISTAKE EVER! This breakfast buffet (at Wicked Spoon) as the BEST BUFFET I have EVER been to. I honeslty can't rave enough. It was beautifully gourmet, for example there was Mac & Cheese in tiny little saucepans. The food was just beautiful and amazingly presented. There was also a dessert section with gorgeous little cakes, chocolate strawberries ahhhh I could go on forever.
As far as I know this is the only hotel on the strip with it's own balcony... our room automatically came with a view of the Bellagio Fountain which was absolutely beautiful to watch when outside having drinks. Well worth it!