Enjoyed a 2-night stay in Dec 2009. Nicely renovated Hutong in an area with lots of boutiques, small eateries and close to the Qianhai Lake. Not quite up to par for a business trip when you need high-efficiency (for example, the WiFi kept cutting out, the location is not obvious to cabbies, though it is actually quite convenient), but definitely lots of charme and character. Staff likewise not terribly professional, but friendly and they try hard. Recommend the airport pick-up to avoid confusion on arrival.
Overall, a pleasant small adventure with lots of character.