Despite its location (10km+ to the Bund), this hotel is quite unique. It's hidden from the busy streets nearby and quite frankly it's a good thing seeing the amount of construction projects being realized in the area. Location = ok.... however - you have to subway it or cab it to get to Shanghai's main attractions (i.e. The Bund or Pudong ect.) - minor detail when you consider how inexpensive taxis are in Shanghai. Staff = exceeded expectations - it was nice to see such a dedicated staff!
Breakfast = ok - quite pleased that it was included in my room rate (33$/night - check out www.asiatravel.com). Overall = Great value!

I've just arrived form Shanghai, and I found two new reviwes on Asset Hotel. I have to say that they perfectly describe this little pear (and better than me, since english is not my mother language).
Also, I was a little worried about the first two reviews because they were too good to be both true (I'm sorry not to have trusted you, mates!!)

What could I add? Warm welcome, good English at the reception (even if I faced a problem in a late morning asking a place for golf shopping), clean and fresh rooms, very good prices (27 euro/night Superior single room B/B, 30 euro/night twin room B/B)..

The management was very helpfully during our stay, set up our Airport transfer at a very reasonable price; opening their "meeting" room when they saw three of us sitting in the sofa near the entrance deciding where to go for dinner; smiling every time he saw us in our 7days stay..

I have been given a double room at ground floor: not so dark, with fences at the windows, twin beds, two complimentary water bottles every day.. bathroom full of towels and complimentary items, cleaned every day..
Free cabled internet in room, perfectly working (ok, not so fast, but I found many slower in China!!). Two computers connected to internet are available for free just in front of the main entrance.
No CCN on my Tv (no LCD), but my collegues told me they had it in their rooms!!).

Now, I have to report something not perfect, or somebody will not believe to our reviews!!
Let's start:

Breakfast: very poor - I've been in a 3star hotel in Shanghai last year paying the same money but Breakfast was a lot more better. Many Chinese breakfast food, and just very few for what "we" European are used to have.. small brioches (plastic taste), white breaded toast with just one jam.. A very good orange juice (even if not fresh) was something it worth to wake up in the morning.

Location: mhhhh - if you know Shanghai, it is located in the "south/west" part of the city, just 1 km from inner Ring road Wanping exit. Subway is just 5 minutes walking, and you have to change the line to go to Nanjing Road/The Bund. The purple line is new, but the line is not finished yet: even in pick hours, trains can be waited for more than 10 minutes, so the trip to the Bund can takes about 30/40 minutes at least. When the line will be finished (maybe next week, thinking about Chinese construction timing) I think it will take just 20 minutes to go there. So, you are not in the heart of the city, even if you are not far away from it. But, in peak hours, it can take also 1 hour to reach the main touristic attraction (Yu Gardens, Bund, etc). If you are going to visit the Exhibition, it can take more than 1 hours (Subway takes 60 minutes and a 15 minute walking). So, other hotels can be more suggested for their location.. remind these times while organizing your travels. Also, consider that from/to the airport the taxi takes about 90 minutes in peak hours!

Noise: very high in the early morning - we have been waken up at 7.00 every morning by a truck loading trashes.. and they were starting demolishing a cover garage under the windows of the frontal right wing - starting their work at 7.30 hammering the surface. Well, probably we were just unlucky..

What else can I add? Everything has been wrote on this small but beautiful hotel.. I suggest you to consider to stay there, very good quality/price ratio, with some small problems which can be forgotten easily just thinking to all the nice advantages you'll face sleeping there.
Hoping, of course, that popularity will not make price raise and quality follow (as sometimes happens).

If you're looking for cheap, I averaged USD $33 per night, clean, functional rooms in Shanghai, look no further. The hotel is located down a driveway near the corner of LingLing Lu and WanPing Nan Lu in the heart of Xuhui District. You're within walking distance to the Shanghai Stadium. (A Special Olympics family was staying there during my stay.) And the No. 4 line of the subway system. Short taxi rides to Grand Gateway, and a bit longer ride to Nanjing and Huaihai Lu areas.

I believe I got a "superior" room. The queen-sized bed was comfortable for me, but I like a bit of a harder surface. (Most all beds in SH are quite hard for US standards.) The bathroom was large, with a glass enclosed shower only (no bathtub). A small refrigerator as well as in-closet safe were included. A great feature was the air conditioner, it cooled down the room very quickly. A small, 18-in flat screen TV was hoisted in a corner. A small desk was good enough to plug-in the provided LAN cable, and Internet access was free and speedy.

One negative: the room walls are thin... I could hear the next room couple talking, as well as him snoring late in the evening.

I've got one more session in 3 weeks, and have already booked my next stay. If you want a place to store your things, sleep overnight, and be out/about during the days and evenings for really cheap... book the Asset. Oh, the hotel has quirky stairs and ramps along each corridor. The elevator is in the middle of these "sloping" hallways. Quite a bit of stairs to navigate unless you're next to the elevator bay.

I didn't try their morning bkfst, but lots of options nearby.

This hotel is amazing. The free Western and Chinese breakfast was awesome - cereal, dumplings, coffee, eggs etc. The hotel staff spoke English and were very helpful and friendly. The hotel is about 2 blocks away from the subway. The hotel was very clean. It was great!