You can walk to the palace, Wat Pho, cross the river to Wat Arun and you can walk to Khao san Road. You can also walk to the pier to go by boat to the highest building of Thailand (Baiyoke sky hotel) (very cheap ride).
The rooms are very nice. The staff very friendly. You get a nice breakfast. This is a very nice, quiet place to stay when you are in this crowded city.