Our experiences at Punta are wholly positive and we have highly recommended it - other reviews here do not reflect our experience.
Like most hotel developments in Croatia this is built around the communist era policy of locating developments outside the beautiful towns and villages so that tourist doesn't spoil the very things you are coming for: blue sea, fabulous views, great walks, fresh food. The original hotel has been much modernised and the site - full of planting and gardens - now has a block of apartments (which are probably the best bet, essential if you want/need air conditioning).
We booked a "Wellness Package" that was ridiculously cheap. Ok, the food in the restaurant was not to our taste (but for the price very reasonable). We 'swapped' our evening meal most days for vouchers to use in the restaurant that had breathtaking views across the little bay to the village (5 mins away).
The three included treatments in the Spa were simply exceptional and the whole holiday cost what one day in a UK spa will set you back!.
The staff were helpful (we are fussy hotel users) and Croatian and proud of it.
This is a place for a magical holiday before Croatia is spoilt - by us all.

This hotel looked really nice in the travel agent's brochure, but this was one of the worst hotels I've stayed in. The building and interior decorating are obviously left over from 1980's-era communism. The corridors are dirty and ugly, the elevators are so loud that the "clunk" keeps you awake all night, and the furniture is cheap and old. The bathroom is so small that you can barely take a shower without getting the whole room wet.

The food at the half-board restaurant is about as good as my college dining hall was. It is institutional cooking at its worst. I could barely find anything to eat for breakfast, and refused to eat dinner there after the first night. The hotel also has an a la carte restaurant where you can use the credit from your half-board dinner, which is OK and has a nice view of the harbor. Apparently if you want to sit near the edge of the patio, you have to have a reservation. There is also a very casual pizzeria which is OK, but the best food was definitely in town and not at the hotel. If you are going to stay here, plan on eating out often.

The pool and "beach" areas are kind of dirty, and the service was pretty unfriendly. The resort was mostly populated with Italians, who could be pretty loud at the beach.

On the positive side, Veli Losinj itself is charming, and I saw an octopus snorkelling off of the beach.

we stayed at punta hotel during 4 nights and it was enough due to horrible commons corridors and lifts, which can figure in movies style "trash and punk". Room (we refuse n°340 for n°517) was narrow (impossible to open 2 luggage at same time) but very clean, furniture tired and awful, beds are very low like japanese style, no fridge (you must pay an option) so when you open this door, it's plenty of electric cables), tv is very small. Swimming pool is just there for fun: ridiculous size for hundred people, even no chairs or umbrellas!
Positive points are: lobby, bar terrace, and restaurant renewed and very clean, the food is positively various (comparable to many hotels in Tunisia or Spain quoted 4* standard) . The location is fabulous as written, many visits and excursions possible, parking free and easy way to. We have visited all other hotels around, and Punta is the best of the category (the others are worse). If you want to visit this nice place, it's better to book at this hotel but the superior suites (quoted 4*) much more comfortable, ask for sea view (the other side is looking over the parking)

After reading the other reviews we booked 14 nights in this hotel as a last minute booking. What a mistake!
We booked 2 rooms together as there were no family rooms avaialable. the rooms turned out to be seperate.
The rooms were tiny and not very clean.
The beds were small and very uncomfortable.
The food was large canteen style. We weren't paying a great deal extra for half board so we weren't expecting a great deal but it was very poor. It was quite telling that they were promoting using credits to eat in one of the restaurants on site. Maybe they keep the half board quality down so more people eat in the restaurants?
The pool seemed dirty so we didn't use it.

The positives are the staff were friendly. The harbour of Veli Losinj is a nice place to visit and eat in.