Reception staffs seem to be non-friendly and non-co-operative. Room was spacious double bed room. Toothpaste, tooth brush, shampoo etc was available. Two litres drinking water was supplied as complimentary. Room lighting in-sufficient. Inside the room does not look beautiful as the reception or as the outside view of the hotel. Importantly, nobody (hotel staff or official) seems friendly, they cannot smile, i never want to stay again here. You can pay here by VISA/MASTER card.

we took two rooms on the 6th floor and despite booking for 6 people, 3 in each room we were assigned two single rooms without extra beds - we managed to get a three bed room however at a quite increased rate.
the shower and bathroom facilities are very basic, and just clean enough to be okay.
the rooms are quite big, the beds as hard as rocks and the linen musty smelling but clean enough.
restraunt food was a good price and nobody got sick and the staff here are friendly.
the problematic staff are on the reception (as per other reports). when I was to check out I had both Takka and US dollars and asked to pay US and was told this was fine. They used a very low rate, much lower than market exchange rate to my detriment and the bill for 2 nights came to $77 US for one room. As I got the money out to pay, the staff suddenly decided that the "new room rate" was $100 USD and that this is what I should pay. I declined and paid in Takka.
This hotel is not a place that a female should stay alone as the male staff are everywhere and quite untrustworthy. Lock all doors as staff walk suddenly in with a quick knock.

Stayed here during the cricket world cup.
This hotel is quite nice. Looks good from the outside, rooms are OK, friendly staff, although service was a bit slow and needed constant reminding in the restaurant. The cleanliness, fittings and overall quality are not of an international standard.
If you don't want to stay at the expensive Peninsula, this is a good alternative. Don't expect luxury, but you get a nice, average room for 20-40 USD.
Although they had a generator, power was out in our room a couple of times, but a fiddle with the switchbox hat it back on in minutes.
There is even WLAN!

By reading reading reviews on the net i have decided to stay at Asian SR Hotel on my Chittagong tour with my newly wed wife.
That is where I have found the hotel is not for gentle people. They have a so called management who has such a dirty mind that you will feel insecure staying there with your wife or loving one. Having payed almost 2500 for one night you will find some arrogant dirty minded person from the reception desk is starring at your loving newly wed wife with a dirty eyes. And their so called management which will be mentioned by the receptionist will convert your prestigious marriage to vulgarism.
I had much bitter experience staying there with my wife. Like me if someone is planing to have beautiful travel with wife I would suggest stay at any hotel but Asian Sr at Chittagong. If they are serving people, I do not know why they keep such ..... on reception.
I felt insulted staying there. I think no one will pay to be insulted by some cheap minded rarely educated person.