This hotel was reccommended to us by the awful hotel we had in Hoi An, so I was a little apprehensive about it, but it turned out to be a great place to stay. The only problem was that it was a long walk (25/30 mins) into the centre of town, but it was good exercise!!
We paid 28 dollars a night for a very nice room on the 7th floor with a balcony overlooking the beach. It had all mod-cons, aircon, tv, ensuite etc. The hotel has a nice restaurant overlooking the beach. This town doesn't get many western tourists, so the staff's English wasn't great but they were very nice and you can communicate very easily with sign-language and pointing!! There's also a nice swimming pool with a cafe beside it.
There's a very popular nightclub in the basement of the hotel, you can hear the loud dance music in the restaurant, but we could never hear it in our room, and it closes up pretty early anyway.
I'd definitely reccommend this hotel to anyone who's going to Quy Nhon, it's a very good hotel right on the beach, and Quy Nhon is a lovely town too.