We've stayed all over South Beach and this hotel ranks up there.
Rooms are very small but really all you need when in South Beach. There is not a lot of storage space in the room or bathroom! We had a corner room facing the city so it was private and quiet. The club/bar at the SLS is towards the beach so the villas/ocean front rooms can a little noisy at night.
There are cabanas at the hotel pool (not the pool party pool) for guests and they are free of charge and first come first serve. As the weather was iffy when we were there, we loved this. We were able to sit outside and stay dry while it was raining. We also ventured back to the pool party one day and hung out at the bar. It was a quieter day and the cost of a chair didn't quite seem worth it. As the sun was in/out, the pool was never very crowded.
We aren't really fans of the food at the Bazaar but did enjoy Katsuya.
Great location on Collins and easy to get anywhere in South Beach.More