We booked this hotel online for about $50AUD per night for 5 nights in Mid September 09.
This is definately not a 5 star or even a 4 star hotel, but it doesn't claim to be.
Probably rates as 2-3 stars.
Location is perfect - just behind the street food stalls on the street that connects Wangfujing St with Tiananmen Square (Dong'anmen Main Street).
Staff don't speak much english at all - so this can be a problem if you don't speak any chinese and you want the staff to write down the name of a destination in Chinese.
The taxi driver had trouble locating it (because it's hidden behind the street food stalls) even late at night. It's located a couple of blocks towards Tiananmen from the Novotel.
Beds were very very hard (but they are almost everywhere in China). There were 2 single beds.
Air Con (with controls in written in Chinese)
The room was clean, but the stairway and lift had a smell in them... in fact while we were there, the carpet in the stairwell was removed which helped considerably.
The room and bathroom were small.
Closest subway is Wangfujing street which is easy to walk to... about 1km down the mall.
Staff were friendly.
We didn't see any other westerners use the hotel while we were there.
We didn't eat in the resturant - so can't comment on the food.More