Lisboa hotel is an old wing while Grand Lisboa is a new wing.
Even it is old wing but it is still good.
If you are looking for a hotel where u can reach out anywhere easily by walking - to senado square just 10min, St. Paul Ruin 15min, Wynn hotel is right across the street and across the street is the main bus stop in Macau. Most of the buses will stop there.
Walking distance to all the famous restaurants and cafes.
I stayed in Royal Tower room no.1519 is a great room.
Room come with complimentary minibar, a huge room with living room and the bathroom come with spa - you can do steam bath, jacuzzi, foot massage and body massage spray. All in your own bathroom.
Branded Hermes toiletries all available to you.
Room view directly facing Grand Lisboa so you can enjoy watching the beautiful lights of Grand Lisboa.
The hotel didnt have shuttle service to pick you up from/ to airport. Also if you plan to go to Chu Hai China they have free shuttle service to the Border Immigration and Ferry Terminal.
If you plan to go to the border immigration, if the shuttle bus is not full or only few people they will drop you further down near the sport complex and you need to walk 5min across the bridge to reach the immigration.
If your shuttle bus is full they will only drop you right in front the main entrance of immigration.
All is great except for 1 setback, at evening and night time near the boutiques in the hotel you will see a lot of "girls" parading themselves in front a bunch of men who are looking for "services" and "company".
I walked past without realizing the area is the "stage" until I saw few groups of women with extreme low-cut and super short dress around me going merrygold round hoping they got pick up.
Of course those men standing and watching with their mouth wide open.
Everything else is great but I don't understand a 5 star hotel allowed such prostitution activities freely run in the hotel and I don't see other hotels freely allowing such activities in their hotel.

Don't get mixed up with Grand Lisboa, although under the same chain, the Lisboa Hotel is the much older one. The whole tacky exterior and interior looks might set you back a bit but that that would disappear when you check-in. Staffs were very helpful, especially the 2 concierge staffs who did their extra bit to point out the places of interest from the wonderful scenery of our room's window. We paid a bit more for a room facing the lake/sea, worth every penny!

Best part of the hotel is the FREE minibar, topped up every morning! Apart of that, the shower is great - although it took me about 10 mins to figure out all the functions. Here's a bit of the drawbacks, we've requested for 2 extra towels on the first day and were sent promptly. We purposely left the towels hanging (so that they won't need to change to new ones) but they took it away so we called housekeeping and ask for 2 extra towels again. Guess what? We weren't allowed to get 2 extra towels due to its hotel policy! Hmm, then why were we given extras the day before without any questions asked?

Tips: Centrally located, walking distance to Senado Square. Shuttle bus service is provided by the hotel, hop on and save! Refrain yourself from walking around the hotel basement, this is where all the ladies in the night prowls, searching for its preys - if you know what i mean! :)