The Hotel Vajra

A quiet, Nepali-style hotel with an dramatic connection
A wide range of rooms, with excellent values US$ 65-100

The Vajra is set underneath Swayambhunath Stupa west of Kathmandu. The main building is an old home with dining room, theater and some budget guest rooms. Most rooms are in a Nepali-style quad of brick buildings that surround the hotel garden.

It's quiet, atmospheric and relaxing. There are dance and drama presentations some evenings, and the food is pretty good. 

The Thamel district is about 15 minutes walk away: The old city and Durbar Marg are 20 minutes' walk. Taxis into town can be hard to come by at the hotel but usually appear within the first few minutes of walking to town.