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My bus, which theoretically arrived to Mandalay at 7am, arrived at 4, and at that time my 2 accommodation options, the Royal Guest House and Hotel Nylon, were full, so the Garden, Nylon neighbor, was the only choice left. I had a room on the 5th floor, without lift, but at least it was quiet. They were nice enough to only charge me 1 night as I left at 4am the next day. The breakfast was very good.
The hotel is run by a family of Chinese origin. As in most low-budget accommodation in Myanmar (Burma) they do not care about the details of cleaning the corners, etc., But overall this is a clean hotel with a good breakfast and a low price for what is typical in Mandalay. We paid 10.000 kyat (about $ 10) in April of 2009 for a double room including breakfast and bathroom. There were people who paid 4,000 kyat for a single room on the roof, with shared bathroom. The hotel's location is quite centric, but the truth is that it doesn´t matter much, because there are not many things to do.
The Mandalay Swan Hotel is in the heart of the thoroughfare, the wall opposite the Royal Palace. It is a 3 star hotel with comfortable rooms and helpful service and as I said earlier it is well located. The breakfast is a buffet and at least the rooms are big and clean, I can not ask for more. If you want more luxury right next door is a 5 star, it all depends on your pocket