The ocean view from the balconies was the main attraction for me initially. But I was pleasantly surprised at the building and surroundings when I pulled up. There is a nice cafe along with the hotel/condo restaurant that both seem nice (didn't try the restaurant but the cafe out front has a nice view and good sandwiches). There is also a 24hr Tops market in the basement. The pool is nice too and the gym is not great but sufficient for a bit of exercise (but don't expect much).
Yeah the room and building is an older one, but I tend to prefer those in Thailand cause typically they are twice as large as the modern rooms. Lots of open space here and a big balcony as well. The room was pretty quiet too (though I always ask for a quiet room locale, and usually always get it...)
You can stay in this area along the beach and really not know or see any of the craziness going on in the rest of the city. There are also several nice restaurants along the beach front that are good and not super expensive. And a couple of malls are also within walking distance or a short baht bus ride away. After staying here I don't know why anyone would want to stay anywhere in Pattaya except along the beach (with an ocean view, like here). The only reasons to pass up this place would be if you wanted something more luxurious and modern or a more lively neighborhood.