Great place! Very clean and the staff is very friendly. There are many backpackers, so it's very easy to meet people. It is also like two streets away from KhaoSan, which has great bars and restaurants. It is also walking distance from the Grand Palace and Wat Pho, and the ferry boat to Wat Arun. Great hostel and great location!
The hostel was very clean, and the staff was extremely helpful. They even gave us some pretty good recommendations on where to eat. The location was great-- only 2 subway stops away from main station, where the airport bus drops you off (and about a $4 cab from main station if it's very early/late). It was also only a few subway stops from most of the tourist destinations. Great hostel!