Stayed here in July 2012 for a friends wedding and we were very impressed. Rooms were large and well equipped. The interior of the rooms were primarily concrete, so while it does not look that nice, you could not hear any nieghbours. We stayed in a pool view room which was very nice to be able to jump straight into the pool.
Service was very good and the buffet breakfasts included are what you would expect for any 4 star hotel in Thailand.
The position of the hotel was a bit of a walk into Ao Nang town but you could easily get a tuk tuk if you like. In very close proximity to a number of the activities in the area - we did the rock climbing at Railay Bay and took a trip to Phi Phi. Both pick ups for these tours were <5 minute walk from the hotel.
Highly recommended for those after 4 star service and ammenities on a budget.