There are 2 jasmine hotels and i always confuse the names, but i have stayed at the one off walking street which is the one i think you are after.
The room is a typical low budget room with small tv, ac, small shower etc. It does have a small pantry and fridge if you wish to cook your own food. I guess for the price its a decent hotel right in the middle of the action.
One of the receptionists is a real cutie which is a bonus.
I didn't find the nightlife to be disturbing at all but there were some construction work being done in the rooms above mine which pissed me off enough to go back to the areca lodge.