I have stayed here more than once. I suspect most of their clientele are repeat customers - during one breakfast I met an old Australian tourist who told me about being present for its opening some 20+ years ago. So, yes, this is not a "new" hotel.
I find myself quite ... amused by the "1970s" and not-totally-professional feel to the place; e.g. the picture of the breakfast on offer I saw posted on the lift was one of those taken with a film camera (i.e. pre-digital), put up with tape. The breakfast (this was before there was a "sandwich" option) would be the "english breakfast" - 2 rashers of bacon, 2 eggs, 2 slices of toast with butter and marmalade, orange juice + tea/coffee; I was further amused it was listed as "available all day" (I suppose you could theoretically wake up in the afternoon and demand breakfast, though I've never done it before; perhaps for any hard-drinking guests?).
The clothing store on the ground floor is I'm told run by the owner of the hotel, hence the "sharing". If you've luggage to move the staff will have a key that allows the lift to go all the way to the ground floor (the limitation of stopping at the 2nd floor is to prevent "guests" skipping out by evading the reception, I suppose?).
Some of the rooms are definitely better than others, but unless the hotel is full the staff would be happy to move you (I've done this before).
I'm not sure about the earlier poster's assertion there are many 4 star hotels available for the price nearby (about 1300+ baht) - certainly not at a very short (1, maybe 2 minute) walk to Nana BTS station; e.g. I have stayed across the street at another hotel at the same price with much smaller rooms (door opens almost onto the bed). The hotels I've seen that I would say are unequivocally better have either worse locations or are more expensive. Anybody with specific recommendations, I'd be happy to hear? (everybody wants a better deal). I suppose this place could be cheaper... One place I know will be suggested is Majestic Suites, which is basically next door - well, (a) rooms range from slightly more expensive (but smaller) to much more expensive (2000+ baht), and (b) hotel is nearly always full (which makes the question of whether it is better redundant if you're in need of a room).
Also, one thing that's been important to me - the free internet access has always worked well every time I've stayed here; also, it simply relies on a "password" to connect to the wireless network, and is not one of those systems where you connect first, then are challenged for a username/password upon trying to load any web-page, which is a system I find often causes problems for various network services.
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