Forget about hotels that charge USD 200 or more. You can stay in well-appointed studio apartments for a fraction of the cost. Just compare and contrast the facilities you see below with what you see elsewhere. Please note the presence of washer/dryer in each unit. How do you spell C O N V E N I E N C E?
You cannot get a better location than HERE in travelmob is conveniently located between two metro stations.
You could walk to Dongzhimen station in 5 minutes or less. This station is served by Line 2 and Line 13. It is also the terminal of the airport train. The embassy district and trendy Sanlitun are within easy walking.
You could do simple cooking in the apartment. However, most visitors would be unlikely to do that because of the wide variety of restaurants nearby: Chinese, Japanese, Korean, Indian and Western. Needless to say, you would also be well served by McDonalds, KFC, Pizza huts and other fast food chains.
All the modern facilities that most travelers take for granted are within easy access. You have a choice of many banks to transact your business. Shops and supermarkets that cater to foreign/domestic needs are within walking distances.
Located in the embassy district, security is this area would be better than most parts of Beijing.
Each unit has its own kitchenette, refrigerator, washing machine, dryer! (unusual in China), microwave oven, sheets and linen, private bath room with 24-hour hot water, broadband internet access, TV, 24-hr security, air-conditioning in summer and central heating in winter.
Your landlord provides a touring service. He is a Beijinger who knows the city "inside out". He owns a car (a 5-seater) and can show you around Beijing for RMB600. A trip to the Great Wall and Ming Tombs costs RMB700.
This is a personalized service without the irritating "shopping stops". With a deep knowledge of Chinese culture and fluent English, your host will give you an unforgettable impression of Beijing.
In short, you could hit the ground running in Beijing if you chose to stay here.
Other Things to Note
I have 6 apartments in one building, they are exactly the same with layout, size and facilities, slightly difference with furniture.