We've staying in Bangkok a lot over the last few years and knew we wanted somewhere close to Siam to make the most of our final shopping opportunities during the last two days in SE Asia for a while.
The Lit is down a small Soi about 5 minutes walk from MBK. There are a number of cheaper guest houses, a couple of restaurants (including a pizza place that was busy every time we went past) down the same lane plus it's lined with street carts so there are plenty of food options close by (not forgetting MBK's fab food court).
[Almost] every aspect of the hotel is great. It's beautifully designed, slick and modern; the rooms are cleverly put together feeling much more spacious then they actually are (all mirrors and marble with enough light switches to keep you entertained for at least half an hour!), the beds are comfy, air-con that works, excellent shower, cool bathroom, huge TV, complimentary B110 mini bar credit - just enough to get a couple of drinks.
The impression is one of perfect hospitality. Plus the staff are incredibly welcoming and friendly.
The restaurant was ok, but there is definitely room for improvement; breakfast was a bit 'meh' - stick to the buffet if you don't want to wait ages for tiny portions - I ordered eggs benedict, it arrived 25 minutes later (after I chased) and was half a muffin, one egg and one thin slice of ham, and be aware that you can specify if you want a particular type of coffee (latte etc) - it's not mentioned.
We stayed on a promotional rate which included a 3 course Thai lunch or dinner. On the website there are a number of options but it's actually only soup, pad thai and fruit so possibly not tremendous value.
We were also disappointed to note that the one night we wanted to sit on the terrace and enjoy a beer it was virtually impossible due to the volume of the PA of the 'talented young artists' singing cover versions on the steps. Admittedly they weren't the most offensive pair (girl and a bloke with an acoustic guitar), but the volume was at ear-bleeding levels - it was quite pleasant to listen to in the bar at the hotel halfway down the road but really off-putting virtually anywhere in the public areas of the hotel.
My only other negative is the pool, whilst lovely to look at, is really exposed - not great if you like to keep your kaftan on for fear of putting folks off their breakfast.
Overall this is a great value hotel - we'll definitely come and stay here again next time we're in Bangkok, assuming we can get a reservation as I think word's getting out what a gem it is.