The Cromwell and Cosmopolitan are boutique hotels which also makes them a higher price point. Bellagio and Caesar’s are luxury hotels and are more expensive. Of the hotels in the middle of The Strip, Paris Las Vegas is reasonably priced.
But for the other myriad reasons mentioned below, Paris surpasses them all. There are a few other hotels in the vicinity of Paris (Bellagio, Caesar’s, Planet Hollywood…) that will give you the same great location as Paris. I would not recommend doing all this walking with heels on, but with comfortable shoes, it should be no problem! You can easily walk south down The Strip one day and north up The Strip another to check out all the hotels and casinos. Paris Las Vegas is located a little more than a mile away from Excalibur on the south end and The Wynn on the north end. When you stay at Paris Las Vegas, you will be in the center of the main part of The Strip.
