It's not a dump but you get what you pay for. You'll still get your sheraton bed, toiletries etc. It's more like aging four points or holiday inn IMO - not a vacation destination hotel but perfectly acceptable for overnighting.

If you need a stay credit just book it for one night if not, for the same $120ish you can priceline smth like hyatt or sw or moana.
Or if you want to try smth completely different from waikiki book turtle bay on the other side for one night.