Spent two nights here on points before heading on to Xi'an. Very nice hotel in a quiet location in Beijing, squeaky clean, friendly, courteous, and helpful staff, and a good (but expensive) breakfast buffet. Closer to the olympic park area than the standard tourist destinations but not too convenient for public transit as it is a bit of a hike to get to the nearest subway station. I would not spend what they are asking for this hotel as there are other options with more personality for quite a bit less money but if you have the cash the quality is quite good.
Overall, very nice, modern western hotel.