We stayed here for the first 2 days of new ownership. I suspect this is a bit of a turning point for the hotel.
First things first, we had a bungalow right on a perfect beach for a good price. You could walk out at night and swim in bioluminescent water. I would have slept on a concrete pad for that experience.
The bungalow was a bungalow. 2 big beds, thatch roof, open sides, shower that wasn't heated but warm enough at the end of the day, mosquito net was definitely needed. Rustic luxury. You could sit on your porch and look at the water, or be swimming in 30 steps.
When we checked in, the new manager Andrei, a Ukrainian, greeted us with a huge smile and enthusiasm for his first day running the place. They have plans for renovations and upgrades. Based on his attitude and reputation, they'll do a terrific job. He is known around the island as a class act. Prices will eventually go up too, but that's the way of it when things get renovated.
Local desk staff were sort of rude and seemed angry at you whenever you wanted to pay for something. This seems par for the course on the islands. Their world is changing fast.
The Cambodian islands are incredible right now. Development will change them, but that's how things go in these paces. We enjoyed staying at Home Stay, and I suspect the owners will make changes in good directions.