My wife and I stated at Calypzo early March 2015 for one night. Our goal was to be close to the Soapy Parlors, as a first time experience together in Bangkok. The room was very small, the walls were a bit dirty (foot prints on the wall next to the bed...), and the hot water was not working in the shower.
PROS: Not expensive. Walking distance to the Soapy Parlors. Breakfast is around 100 Baht for 1 fried egg, bacon, cheap sausages, bread and coffee. Three 7-Eleven at walking distance.
CONS: small room, no hot water, walls a bit dirty, VERY NOISY (the large boulevard is down the window, and there is constant traffic day and night).
EATING TIP: Avoid at all cost JOW SEAFOOD accross the boulevard next to the overpass just closeby the Calypzo: the food is way overpriced and the food is horrible (the worst we ate in Thailand - and it's hard to find bad food in Thailand!). Just go eat at LE MADAME Parlor; they have a nice outside patio where you can eat, the service is excellent, and the food is delicious.
SOAPY TIPS: We visited LE MADAME, NARATHEE, and EMANUELLE (all walking distance, 2 minutes from the hotel). They all welcome couples. We suggest you arrive around 7PM; we were there at 9:30PM and it was pretty empty, except for Emanuelle which was still descent. Emanuelle is more expensive though, but the rooms and service were very nice.