A bit better than advertised. It’s a room with like 10 people in creaky bunk beds, but during my stay everyone was considerate, place was clean, had air conditioning, staff were chill, free breakfast, use of kitchen, coin op laundry machine. WiFi worked well. It is like an hour walk to even get to the edge of sort of where the strip starts. There were many people down on their luck and using drugs outside/punching phantom figures in the air, but I never felt unsafe.
A half hour to walk to a bus that was only 2 bucks instead of the more expensive tourist ones, but it does run parallel to the strip rather than on it. About a half hour walk to Fremont street as well.