What do you like doing, what time of year are you going, and how luxrious do you need a room to be to enjoy your vacation? Those answers will determine whether you would be happy here or not.
The resort needed updating 3 years ago and I am not sure that has happened. I had a little problem with the furnishings etc and I am not too picky, but someone who was picky would have a problem with this resort. I can only assume the resort needs updating worse now. It is not Marriott type accomodations but it does have fantastic views from the den and balcony. This resort is in the middle of party central, so if it is during the spring break weeks in zMarch or April, or even summer time, I hope you like to party. You will be a short walk from what is billed as the world's largest night club, Club Lavella. This is where MTV films Panama City spring break and Girls Gone Wild parks there bus. When school is out you can't drive anywhere in this area faster than 5 MPH (with long stops where you don't mve at all) from dark until 2am as teenagers cruise the streets. If you like Mardi Gras, you will like this area of Panama City. If you like quiet and relaxing stay away from the east side and Thomas Drive.
I am older and I do not even go near the east side of PC where the Ocean Towers Beach resort is unless school is in session and the kids are gone. I like the west side of PC and resorts like the new Wyndham (not in II), the new Tropical Breezes ( only a couple of years old), and the Landmark Holiday beach resort (older but well maintained and recently refurbished). All of those are totally ocean front and every room has it's own beachfront balcony. The west side has the new Pier Park shopping complex where there is a Margaritaville and other restaurants, bars and shopping Very few kids here when I was there and a pleasant experience overall.
http://www.pcbeach.org/pierparkdemographics.shtml
Destin has the Holiday beach resort which is older but it is ocean front, Bay club of Sandestin (not on the ocean but it is on the bay), and emerald grand at harbor walk which looks great in pictures but I have never laid eyes on this resort.
If you like quiet, hate drunken kids, hate traffic jams don't stay at the ocean towers, stay at the Landmark or Tropical Breeze. If it is late Apri, May, August, September, or early October( and you aren't too picky about furnishings )the Ocean Towers might work out great for you.