We stayed in a junior suite in this hotel for our honeymoon, as the hotel upgraded us. To be honest, aside from having more space and a more separate seating area, there wasn't a huge amount of difference.
I'd say save the money and use it to upgrade your hire car to a convertable instead ;-) thats well worth the money!
Location wise its an easy stroll, 5-10 min to a large number of places to eat, we did breakfast both at the hotel, at perkins and at the golden corral (you'll need to drive to this one) while staying there and naturally out of the hotel is better value!