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Though a bit removed from the center, we dearly love Otto Wiesenthal's Art Nouveau-style, Hotel Altstadt (+43/01/526 33 99, This email address is being protected from spambots. You need JavaScript enabled to view it.), behind the Neue Rathaus in a neighborhood of interesting shops and restaurants. Doubles start at €129 and Herr Wiesenthal is a great resource for restaurant recommendations.
The big chains such as Hilton, Marriott, Le Meridian are bereft of old world charm but sometimes offer attractive prices via the Internet. It was such a rate that put us at the Sofitel. Still, the deal wasn't good enough to make up for the impersonal service.

Michelin's Main Cities of Europe Guide awards a red roof-peak symbol (pleasant hotel) to a pair of three stars; the Kaiserhof (+43/01/505 1701, This email address is being protected from spambots. You need JavaScript enabled to view it.) and the Rathaus (+43/01/400 1122, This email address is being protected from spambots. You need JavaScript enabled to view it.), both of which offer doubles for about €150.
A final thought: BiddingForTravel reports successful bids at priceline.com/ for Vienna four-star hotels from $109 to $122. Among the hotels mentioned are the Marriott, the Sofitel and Intercontinental. The Marriott at $122 is an outstanding value.