I chose Zara Continental Hotel, a newly opened hotel, located on the Pest side.
For the rates that we paid -- average 95 euros per night inclusive of breakfast, i think the hotel provides very good value as it also included free wifi and access to the wellness centre where we get to use the jacuzzi, swimming pool, sauna and fitness centre.
the hotel is not that near to the "centre" of Pest -- the walk is a good 10-15 minutes (maybe shorter for younger and more energetic folks) and at the end of a tired day, it was well..... tiring. of course there is the option of taking the public transport but we decided to walk -- cos only by walking can we discover the city :)
but it's near to Rakoczi street - busy street with shops (second hand, outlet etc) and eateries. very convenient.
Would give it an overall satisfaction rating of 4 out 5 :)
kaira @ the entrance of the hotel