For Waikiki, this is a great value hotel, and in my view, probably closer to 4 stars!
We stayed in a 1 bedroom apartment for 3 nights, it was well appointed and clean, only negatives were it had a limited kitchen and the lanai (balcony) was not functional, being too small to sit outside comfortably.
On the positive, the complimentary breakfast has an extensive selection, and the drinks in the afternoon around the pool are an added bonus.
The staff are willing to please and met our every request, no compalints there.
Lovely restaurants on site, the steakhouse is pricey, but exceptional, and for more casual dining, we loved the Yard House - it had a great atmosphere and 130 beers on tap.
Location is at the quieter end of town, at the newly renovated beach walk, this is the classy end of town, yet only a 10 minute walk from the main strip which we found nice with a young family.