Spent a night at President Palace last December on the travel zoo rate of $60/night ai including breakfast and two beers at happy hour ... basic accommodations with shower and clean bed ... nothing to write home about, some photos of this property on this page: http://www.flickr.com/photos/kalboz/with/5275541722/

Sukhumvit Soi 11 is by far my favorite soi in Bangkok for the many dining and club options. http://www.flickr.com/photos/kalboz/5274925189/

Majestic Grande has (more or less) the same short walking distance to either Nana or Phloenchit BTS station ... around 450 m in either direction on Sukhumvit proper from the hotel. http://www.flickr.com/photos/kalboz/4105555403/