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If you're thinking more the 1400bt a night I stayed at the Drop Inn hotel on Soi 20. A few baht in a taxi to Nana and 5 min walk to Soi Cowboy. Guest friendly, nice local bars and you get TV, minibar, nice bathroom etc etc in the room. I would go back.
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Well it is not the ammount the room cost, but more the idea of spending more than 2500Bth for something you dont use that much.....
I think i will try out the Majestic Suites.
Walking distance should be around Soi Nana, since its there im gonna meet some friends. Sitting in a Taxi in Bangkok Traffic, its not my cup of tea
I have searched and searched for the Heidelberg Hotel. on the web, cant find it..it was small, cozy and right on soi 4, which is much more my style.