Just finished three days here.
We were indeed in a KING bed, not a queen, despite the reservations saying there were no King bed rooms.
Club lounge was ok, nice enough breakfast every day, included as a platinum.
We went to the spa once, outdoor pool and indoor huge jacuzzi and saunas, it was quite nice.
Have dinner in the Panorama restaurant once, it was over EUR100 for two, but the best views in Lisbon.
All in all, a great hotel. Highly recommend.