We spent 3 nights there late February. Due to renovations, they gave us an oceanfront room which was delightful with a balcony. All rooms have a balcony.
The room was large with a refrigerator, the breakfasts enormous and tasty.
The location was very good for our tasttes, close to Neve Zedek and close to Yaffo. Since we are interested in soccer, we were able to walk to Greenfield Stadium in Jaffo as well as have dinner on the coast.
There may be better locations for using the beach area, but this was pretty close.
The value was excellent and we would certainly consider returning.
The weather was very good during our stay.

I just returned from my second trip to Tel Aviv, staying both times for 5 nights in the Dan Panorama.
The first time I had a room on the 12th floor, which was large and very comfortable. Last time the room on the fifth floor facing Jaffa was similarly furnished, but not as big. In any case the double bed is huge (2x2,10m). The fridge was in bad shape in the smaller room, with no mini bar. Now, in winter the outdoor pool is of course not in service, which I missed. All rooms have a lovely view onto the beach. The stretch of Alma Beach is just being remodelled (new palm trees and flower beds planted) and will probably look very nice next summer. Once you crossed the busy street to the beach, you can go only lovey strolls along the promenade.

The food is overwhelmingly plentyful and diverse. When the hotel is full they have everything from continental to American breakfast with pancakes, various Asian dishes, pastas, various freshly ground fruit juices and smoothies, ample of fruit, vegetables and lovey assortments of breadrolls and pastries. MInd you this is called BREAKFAST, but I lived of it almost all day!

Staff is very helpful and discrete. The rooms are very clean and little bathroom items are being exchanged daily (e.g. soap).

Average hotel. We chose all 1st class hotel category, but not 1st class by USA standards. All of the hotels we stayed at in Israel were just average. Adequate for our budget, but not excellent. Room, adequate size. Balcony. King size bed. Bathroom and bedroom needed to be refurbished. Basically clean but not spotless. Breakfast excellent and plentiful. Nicest breakfast we had in Israel. Staff very friendly.

Hotel feels somewhat dated. We had holes in the carpet in front of our room. Room is a little small. Comfortable bed. Magnificent breakfast. Location is on the med sea midway between beach to the north and Jaffa to the south. Quite close to the carmel market and shalom tower. Old fashioned central light switch controlling all outlets in the room, including the bathroom lights.