First the good points: it's cheap, sociable and the beachfront location is superb. Prepare yourself, however, for the fearsomely ugly concrete accommodation block and distinctly grim budget rooms (with a dim, bare light bulb for 'decor'); air-conditioned options are slightly better.
As a place simply to crash and meet others it's doable, and Fernando’s Beach Bar is undeniably a great place to hang out for a drink, even if the food is forgettable.