Michael's is nice. It is the best place I have stayed for leisure travel in Beijing, though not perfect.
It is small, with only 12 rooms situated around a courtyard. The decor is attractive and colorful and Chinese/Western fusion with a few tacky things thrown in here and there.
The main reasons to stay here:
-Is a courtyard-style hotel with some character
-Helpful staff speak decent English
-It is ten minutes walk to the subway
-The beds are very soft (a rarity in China)
-The courtyard/lobby area is a nice gathering place if your group is staying in more than one room.
-Provides pretty much all of the amenities of a major hotel--in room safe, fridge, hair dryer, shampoo, conditioner, laundry service, etc.
Some potential drawbacks:
-The standard rooms are very small (though the courtyard provides additional usable space)
-The lighting in our room was a bit dark
-The only windows in the rooms face the courtyard
-The small bathroom reminds me of the bathroom on a boat--though it does have its own shower area.
-It is a little hard for taxis to find
-Not great if you are looking for privacy and anonymity, much like a bed and breakfast
-The fuses in the lobby blew several times during my visit (a minor inconvenience)
-No iron and ironing board in room
Overall, it is very quiet and the sound isolation between rooms seems good. But the downside of this is that any noise in the courtyard can be heard. The bathroom fan can provide white noise.
There are lots of restaurants nearby. The neighborhood is kind of interesting with small shops and street vendors.
The internet was quite fast, but dropped the connection a few times--maybe due to the blown fuses).
Alternatives? Budget chains (Orange, Home Inn) are half the price and very serviceable but lack character and English-speaking staff.
There are a number of budget to mid-level international hotels (Novotel, Ibis, Holiday Inn, Days Inn, Comfort Inn) that are about the same price or even a little cheaper. These will have bigger rooms, restaurants and so on, but little character.
Finally, I've stayed in a couple of other courtyard-type hotels. The Soluxe Sunshine Courtyard hotel is bigger, with more impressive courtyards and more traditional decor and even closer to the subway. But it costs more, is less comfortable, and there are more flaws.