I'm a little surprised it's only a Category 5, considering the W is Cat 7 (with higher cash room rates, of course); can definitely see it moving up to Cat 6 before long.
I've experienced the property as a Crown Plaza. It was decent but not up to the standards of the Delano, Surfcomber (a hilton now Klimpton property), the Loews, Ritz, SLS, Setai, or the W.
I wonder what the property will be like after a year?