While it is not the Ritz, I like the Swisshotel. It is in excellent shape for its age and the location is very convenient. For the price, it offers very good value.
I am heading to Beijing tonight and was looking at using points. Everything that I looked at was offering poor value for the points, so I just booked something. I did not check this one or I would have booked it. Instead I got the Crowne Plaza Wangfujing for about eighty something.