Came to Chiang Mai after midnight (our train had 3 hour delay), everything was closed or full. It's near the Thapae gate, so the location is good (but there are many guesthouses in that area, so that's not a real argument). And it's still quiet in the night, since it's off the main streets.
There are many downsides. The price was incredibly high. We paid 500 Baht - didn't argue because we needed to sleep and we passed 10-15 closed hostels - and the guy at desk didn't look too talkative either. The rooms were not very nice, the water smelled funny, the shower/toilette room looked bad. At least the bed was more or less ok. There was wifi, but only at reception.
Search for a better place if you can (e.g. Sumit hotel a few blocks away is a far better fallback place).
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