For 1-2 nights? Probably not. I don't think having access to a kitchen or sitting area is a "massive luxury" for someone staying a week or longer for a vacation, work, etc. though.

The point is you get these amenities (or at least of them) for around the same price as a hotel room.

In some big markets (New York City or similar), it might be above a hotel room rate, but still a really good deal if you consider the value.