Yup. I love a Park Hyatt too, but this summer when I was paying ~$20/night for a bungalow on a remote beach on Koh Pha Ngan I was definitely happy with my choice. Beautiful beach that's a bit hard to get to so it wasn't crowded, good food and at that price I couldn't see myself paying for a resort. If you head to the north side of KPN you won't see any of the Haad Rin party crowd.

Sure, there weren't many amenities and I didn't even have wifi in my bungalow but I wasn't there for that. Spent about a week alternating between lying on the beach with a book and lying in my hammock with a book.