I think the room at Palms Place (not Palms) is as decent and modern as Palazzo. The primary reason that marks this property down to 4.5* seems to be a distance to the Strip. If transportation is an issue for you, they have a free shuttle 10am to 5pm that brings you to Fashion show mall. The hotel Rio, that is only one block away from Palms, has a free shuttle from 10am to 1am, bringing you to Ballys or Harrahs. Hope it helps on your decision.