The location is excellent for getting to see Ao Nang's streets and night life, and the beach is indeed a five-minute walk away. It's convenient, the staff is helpful and gives good prices on travel and tours ($1200baht for the 4-island tour and $500b to get to Lanta from the lobby), and the room was clean and the a/c worked--though was hard to control. You do get what you pay for, though: the bed was incredibly hard (an excuse to get more massages though!), The water heat and pressure varied wildly, the sheets and towels were clean but old and a little stained/worn, you only get two tiny bars of soap (though you do get free water and beach towels), and you have to walk up a fairly steep 30-second hill plus stairs to get to your room from the street. And you won't see the ocean from your room. Worth the price definitely, but don't expect luxury.