Hi Jaw20, My wife and I stayed in that type of suite with lounge access and I would think with 2 kids, you will save a ton of money on food with breakfasts and evening snacks provided in the lounge daily.
The rooms are large with separate bathrooms in each room and 2 lanis (one for hanging out on and one for drying swim suits?)

Plus all the swimming pools , activities etc at the hotel would be much more fun for kids than a "condo"

Thats my 2 cents!

Sincerely,