Not a 5-star... but all things considered, it's quite good value for the price!
Very decently spacious rooms at this price-point with kitchen, TV, sofa, etc., lots of restaurants, supermarkets, etc. nearby. View from room wasn't great, but very awesome rooftop pool with a nice 360 view was open all night.
Has an aging gym (my preference anyways) and a decent selection of free-weights, barbell, and some machines. Coin laundry on-site is a huge bonus for extended stays.
Breakfast not great (mainly carbohydrates, but some lunch ham slices for sandwiches)... it's better than nothing.
With taxis extremely cheap in panama, this is a very practical value-based hotel. I extended my stay by 2-nights.