Formerly the Richardson Hotel (the first western hotel property in China!), the Pujiang Hotel is at the north end of the Baidu Bridge. It is known for it's excellent location (about 5 minutes walk to The Bund) and very cheap rates. Not surprisingly, it is another 'the place to stay', according to the Lonely Planet.
In the words of the hotel brochure:
'Pujiang Hotel is especially reputable worldwide for attending to budgetary knapsack guests'
The hotel does offer dorm accommodation, however we opted for twinshare rooms at Y330 per night. The room we got was very large and cool (despite the lack of real air conditioning), with an ensuite bathroom and television. It was on this TV that we came across the excellent, if rather melodramatic, program 'In Times of Peace' (it had English subtitles!).
The 1930's facade of the hotel very attractive, although admittedly the view from our window into the inner hotel courtyard was not so pretty. The hotel is honoured in having the Russian Embassy (a very pretty blue building) directly across the road!