I stayed at the Peace Hotel in Shanghai last month and it gets a from me. Althouh pictures on their web site makes it look good and it's rated as a 5 star in reality it's barely a 3. Lobby and rooms were somewhat dated and shabby, no internet access from the rooms either, if that is a consideration. We ended up moving to the Westin - guess your decision to stay at the Peace or not will be driven by the price you pay. Good luck to you ^