Recently stayed at the Phiman Water View in Bangkok, the first destination of our 3 month travels. As the previous reviewer said, at first its difficult to find, down lots of alleyways that look quite scary (we also arrived in evening and taxi driver did not know where it was). On check in they had no more private double rooms with fan so we got upgraded for all 5 nights to aircon which was lovely given it was 45 degrees, however our room was right by the 'chill out' area and virtually all guests had to walk past it in order to get to rooms, this combined with the squeaky floorboards out side our room meant it was often noisy until 4-5am in the morning, however if you had a better located room i think you would be fine. Again the bed was like a rock and actually gave me back ache during the night, no covers, although its sooo hot you don;t really need them! Had a quick look at some of the dorm rooms these looked better and were supplied with mossie nets and a comfy looking mattress other travellers said these rooms were fine.
Lots of other travellers here great place to meet people and everyone raves about the atmosphere, the river is like all other rivers in Asia, a bit murky but no foul smell that I noticed and offers a nice breeze, you can sit on the wall by the river in the chill out area. Location is about 10-15 minutes walk from Khao San Road, we visited during the riots and the Thai New Year (2 very different types of crazy) so were very pleased to be able to escape the chaos which was Khao San Road at these times!
Due to the price and location I would stay again but equally there are probably other cheap places which are nicer!
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