We stayed at the Loft 2 - 14 Jan 2017. The location isnt the best, because of the distance to the On Nut BTS, but there are plenty of taxis that take you there, dont accept anything more than 50 - 70 baht, if the taxis ask more, get another one, there are plenty of them.
I would say that this is a hostel but once you get past the distance, its a good hostel, our bed was made freshly every day, bathroom sanitized, look, its affordable, we paid only $400 NZ$ for 12 nights, no surprise charges for us, no charge for extra towels or anything and bottled water at no extra cost.
I would give it a higher rating if the distance was better. The only other thing is that the wifi, it does cut out, but 1 night out of 12 nights we were there. use two wifi passwords to get around this. Prior to booking, dont bother calling them from overseas like we did, just email them.
Overall, its a decent place to stay with decent facilities, friendly staff, good room service (sometimes they knocked on our door before we were ready to leave, which is prompt), and we didnt get any food but I recommend going to surrounding seven elevens, and wait to the BTS cause there is a Tesco Lotus there and very good eating!