The Queen's Park hotel, located 10 minutes walk East of the main shopping area, is a decent, mid range hotel in Rangoon/Yangon. (This information is current as of November, 2004.)
The hotel has a better than average restaurant with Burmese, Chinese, and Western food. Laundry is relatively cheap and quick, too. No Internet service.
The rooms were clean and secure and the Western style bathroom was better than average for Asia. There's an elevator, unusual for a hotel of this class in Asia.
The front desk staff was helpful and spoke reasonable English.
The cost was US$15/night in cash for a single room with bathroom though we negotiated a 7% discount. No tax or service. The restaurant, minibar (for example, bottled water), and laundry were charged in Kyat.
There was an inexpensive coffee shop across the street that opened in the morning before the restaurant. It had outdoor seating, but the mosquitos really precluded sitting outside.
The 50th Street Bar and Grill, affiliated with the Foreign Correspondents' Clubs of Phnom Penh and Siem Reap, was 10 minutes walk South East through a fairly interesting mixed commercial-residential district.
Maybe it's just me, but i like having some idea of what the rooms look like, so I'll include a few pictures.
Queen's Park Hotel
No 132, Anawrahta Road
(Corner of Bo Myat Tun Street)
+951 296 447
fax: +951 293 596