Putting aside the question whether one feels comfortable going to BKK right now, for those who are interested, the Ren lowered its nightly rates 30% and went to PointSaver for those wanting to use Rewards Points. It's 80k for five nights instead of 100k, or just over $500 US for the five nights.
I did just make reservations for next month, but will continue to monitor the situation to decide whether to go or whether to swtich to another hotel.