Novotel in Siam Square. I am typing from the hotel room right now haha. $140 a night and free Internet. My favourite massage joint is just next lane. Cross the overhead bridge and you are at Siam Paragon and the BTR station. Siam Paragon has a huge food court in the basement,
Sheraton Grande Sukumvit, Asok BTS station just 1 min walk, 4 stations to Paragon.
I have staying at this hotel for the past 8 years, service is very good, hotel will even print Singapore Straits Times for you, and they are rated as the top 100 hotels in Asia.
one of the best hotels in bangkok. tight security.
must try the salt water swimming pool - very unique.
view from my hotel room looks into the pool - the ladies are gorgeous there... ahem!
Pathumwan Princess is a tad far from Siam Paragon although walkable. So depends whether you want to only shop at MBK or have a mix of shopping as Siam Paragon is higher end. Pricing wise very similar to Novotel and hence my vote goes to Novotel. Free internet is a bonus. Being able to just walk over to Siam Paragon for breakfast is a second bonus.
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