If it were me and it's not... but if it were, I would change hotels. Over the years we have been placed in hotels where there is hammering, knocking and sawing away... not a good peaceful holiday experience.
As they have notified you of the renovations then I expect that you won't be charged an amendment free.

This is a good website that includes all hotels in renovation in South East Asia including Thailand and Bali (keep in your favourites, it come in handy)

Renovations

Cheers Geri