Those with a sensitive nose will be able to catch whiffs of the smell of old buildings, which is what this hostel is. It's located on an alley off Nana, which has plenty of bars (including Hooters which is about 2 minutes away). The Nana BTS is about 5 minutes away, though it might feel longer because of the heat. It is possible to walk to Soi Cowboy near Terminal 21, which we did (takes between 10 and 15 minutes).
The decor in the lobby is simple and chic, and the guy at the front desk is very helpful. The room is basic and pretty spacious. We had a room at the top floor, which became really stuffy because of the heat. Luckily, it has its own private balcony, which helps in airing the room. The water pressure isn't so great though, probably because it's on the top floor.