We stayed at Palm Inn for 5 nights.
It is a nice family run hotel with friendly staff that are happy to help with anything, but I would say too expensive for what it is, although all accommodation costs a lot more on Lipe than other Thai islands. The rooms are ok with good air-conditioning but smell a little damp. The first floor can be very noisy when people come and go and the wi-fi did not work during our stay which was frustrating. The breakfast included was good with something different every day!