We loved staying at the Grand Laurel. We spent 3 nights there and then 1 more night on our way back from Inle Lake en route for Bangkok. We had a deluxe double room which was super spacious, with beautiful parquet floor, excellent air conditioning and WiFi. The staff is very pleasant, kind and gentle. They provide excellent advice about what to do, where to go and price of taxis.
We slept like babies. Our room was on the street side, on the 7th floor, but very quiet, we did not hear the traffic at all (there is little traffic at night). We did not close the curtains, as the road is very wide.
The restaurant is on the top floor (9th floor) from which one has a first view of the Shwedagon Paya. Very good feeling! One can also see the spires of St Mary's Cathedral which is just one block away. Food is excellent. Good value for money as well.
The Grand Laurel is very well located, in Botataung, walking distance (4 blocks) from the mighty Irrawaddy River, the Strand Hotel (we popped into the bar to have a drink there, also for sake of soaking up history) and some very nice dining places, i.e. the Monsoon and Shan Yoe Yar restaurnat (latter requires a taxi ride). Walking, even at night, is very safe. The hotel is also walking distance away from the Botataung Paya. It's a short taxi ride away from the Shwedagon Paya.