As I write this, I'm about to leave after 8 nights at the Grand hotel. It far exceeded my expectations in terms of quality with large, clean rooms and an outstanding location. I travel a lot for work and stay in different 5 star hotels almost on a weekly basis, so I'm comparing this with some of the best out there.
Don't trust the website photos, it looks much better in real life! The photos on there are old and outdated, my room has a good bed (not a hard china bed), a brand new plasma TV as well as some nice chinese style furniture. I'll try and upload some photos later.
If you are the type that enjoys peace and quiet and can't sleep through a bit of noise, request a room out the back of the hotel, the rooms facing chang an avenue can get noisy early in the morning with roadworks and traffic. The gym and pool are okay, but for the fitness freaks out there, it's not the best. Breakfast is okay without being outstanding(i hate hotel breakfasts anyway, so don't take my word for it)
As for location, you can't beat it, it's the closest hotel to tiananmen square/forbidden city and only a very short walk to the wangfujing shopping area.
For the price, it's very hard to beat and I'd defintiely consider staying here again.
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