We stayed at the luxurious, beautiful, and amazingly peaceful Chakrabongse Villas. The hotel consists of the outbuildings of a prince's palace (the prince retains the main building as a private residence). The hotel has three private villas - the Riverside Villa, the Thai House, and the Garden Suite - set in lush tropical gardens on the bank of the Chao Phraya in the center of Bangkok. Each of the villas is carefully and luxuriously decorated: the Thai House in traditional Thai style, the Riverside Villa and Garden Suite in more modern taste. My husband and I stayed in the Garden Suite, which is the least fancy of the three, since it lacks a river view - but it's spacious and light, and has cool marble floors, teak furnishings, a firm queen-sized bed, and a super powered air conditioner. The feeling of seclusion and comfort is remarkable, and particularly valuable after a day in a hot, crowded, bustling city.
The Villas' biggest selling point, though, is it's combination of secluded luxury and prime location. There's a swimming pool in the gardens: after a day of sightseeing in 90-degree weather, a quick swim can be as good as a two-hour nap in refreshing you for dinner. The gardens are full of deep pots containing water lilies and goldfish, set beneath blooming frangipani trees. Breakfast (and dinner, if you order ahead) is served in the riverside sala, an open pavilion floating on its own dock. It's a wonderful setting - when we got there, I was waking up at 6am from the jet lag, and I found that the sala made the perfect place to sit and watch the sun come up and the city come to life. For breakfast you have a choice between Western (eggs, bacon, toast, cereal) or Thai (fish, chicken, or pork in rice porridge), and all are good examples of their kind. But the real standout is dinner - I was particularly impressed with an appetizer consisting of a lime leaf which you picked up and wrapped around fried shallots, tiny shrimp, and chopped chilis.
While you're eating, you have a view across the river of Wat Arun, and you can sit for hours watching the boats - ferries full of commuters, big commercial barges, and, after dark, tourist dinner boats, where the food is probably nowhere near as good. When you're done with breakfast, you're a five-minute walk from Wat Po, and only ten minutes from Chinatown. The hotel has Internet access available in the library, where you can also check out their house-published line of books on Thai art, architecture, and history. The fancy suites cost about $190-250 a night, depending which one you reserve and the time of year. But there's also a guesthouse wing to the hotel, in which we spent one night. For $50, you get a much smaller but perfectly comfortable room, and access to all the hotel's amenities.