This heritage hotel is in a great downdown location - close to the sights and sounds of HCMC. Its within walking distance to the markets at one end, and the Notre Dame Church at the other, and the main shopping district in between. We wanted to stay here to get our bearings on HCMC and wanted to walk and explore the city. We stayed at the new wing - the room and bed was comfortable and we had a nice view of the city courtyard outside.
The hotel facilities were so-so - the rooftop pool was nothing special, the rooftop bar was nice if not a little tacky. The morning breakfast was a nice spread of western and vietnamese dishes. We also did a mekong tour organised through the hotel - it was expensive but no complaints as everything was as per the itinerary.
The price of the hotel is also very reasonable if you book early. Just check the rate you booked when you check-in though - we booked early and had an early bird discount, but when we checked in, the reception gave us a higher rate until i gave him my print-out and it was corrected.
On the whole, they say its 5 stars (perhaps by Vietnam standards), but it feels more like 4 stars.