I've stayed here twice now and while it's a faded grand old girl I can't say I mind too much. The location is very good being close to the railway station i.e. markets and nightlife area.
The rooms are dated but it's OK if you're not the sort of person who needs everything to be just so. The bathrooms have the lowest shower heads I've ever seen anywhere in the world. They must have been installed by either a four foot plumber or someone who never washed his hair.
Breakfast is that Asian version of a western breakfast but they do a mean omelette which keeps you going most of the day. The clientele is mostly Thai so this is to be expected.
The one thing I do love about the hotel is the pool which is huge if slightly over-chlorinated, but a great place to sit and read a book over lunch and a couple of beers. At sundown it's off to the local market for some great authentic Thai food.
I don't make it to UT very often but if I do I stay here. It's OK for value for money and the service at the desk is always fine, but the bellboys and concierge are excellent and more than happy to get you anything you need (and even some things you don't).