This hotel in in walking distance from the main railway station - just look for the old steel bridge near the ornamental clock from the south exit. The price for a standard single room was 209 RMB in October 2010. I walked along Binjian Dao right to the centre of town in about 30 minutes, past the huge International Trade Centre. Its also in the next block to the Tianjin Financial Museum which costs 10 RMB, and there was an English speaking guide on duty when I was there which made it worthwhile.
The hotel is recommended in the 2010 Lonely Planet guide to China, but I have to say that booking it can be difficult unless you speak Chinese. I could not have stayed there without the help of Chinese friends. It will be booked out around a week in advance over public holidays.
The restaurant was good value, the housekeeping staff said "Ni hao" to me, and my room was quiet, so in all it was a positive experience.
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