Somebody got a copy of Paint Shop Pro - this hotel, unlike the picture, does NOT have the Saigon River lapping at its doors. Nor is the road in front a quiet, narrow street - it's in fact a 4-lane highway, bustling with taxis, motos, buses, SUVs etc. If you were thinking the photos suggested that this hotel was situated in an undiscovered quiet zone, and bucked the trend of the usual noisy traffic that one can expect elsewhere in HCMC, think again - it's not an honest depiction of what you'll find there.
Inside it's hardly any better - very dated and in need of a major facelift (unless of course you get the room they've modernised for the sake of their website photos). While the lobby is passable, the rooms are atrociously outdated - paint peeling off the ceilings and walls, rust in the pitiful bathroom, windows bricked up (that's if you have one). If only the housekeeping had done something to salvage any feelings of positivity, but that was also a major let down.
Breakfast was simple but adequate, just be careful to get there early, because when things run out, well... they stay run out - even the basics.
On the plus side, the location is pretty central - being only a 10 minute walk to Lam Son square (City Hall, The Rex, The Opera House, ...). This walk will give you the opportunity of passing several rather better hotels - plenty of opportunity to regret not having booked them instead.
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