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It depends on your travelling style. I rented a fine and quite centrally located apartment in Pest a few weeks ago, which included a very spacious bedroom, a kitchen, a bathroom, free wifi and an own front door for only E50/night and no minimum number of nights. Run by a kind american guy. Email me if you'd like references. (rhesus at gmail)
The four seasons is in a great spot in a magnificent building, and although I haven't stayed there myself I can imagine service is excellent. It's just not my style...
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