There are some decent hotels nearby. In particular, some of them provide preferential rates for the guests of Academia Sinica. You may wish to consider them as an alternative. See information below.
The current exchange rate is 1 US dollar to about 33 NT (New Taiwan currency), varying according to the market.
◎Academia Sinica contract hotels
Grand Hyatt Taipei 台北君悅大飯店
http://www.taipei.grand.hyatt.com/
The Howard Plaza Hotel Taipei 台北福華大飯店
http://taipei.howard-hotels.com/
Howard International House Taipei 台北福華國際文教會館
http://intl-house.howard-hotels.com/?Lsn=2
The Grand Hotel 圓山大飯店
http://www.grand-hotel.org/newsite/html/e/ca01.htm
The Ambassador Hotel 國賓大飯店
http://www.ambassadorhotel.com.tw/TP/ambassador_taipei.htm
Sheraton Taipei Hotel 台北喜來登大飯店
http://www.sheraton-taipei.com/english/index.htm
Shangri-La's Far Eastern Plaza Hotel Taipei 香格里拉台北遠東國際大飯店
http://www.shangri-la.com/en/property/taipei/fareasternplaza
Evergreen Laurel Hotel (Taipei) 長榮桂冠酒店台北
http://www.evergreen-hotels.com/branch/Index.aspx?checkcode=LGSZJ&tempdbsn=7&debug=1
Holiday Inn East Taipei 台北深坑假日飯店
http://www.hieasttaipei.com/
City Lake Hotel 麗湖大飯店
http://www.citylake.com.tw/web-e/index.htm
Leader Hotel Taipei 立德台大尊賢會館
http://www.leaderhotel.com/taipei/en/content/intro.htm
Taipei Fullerton 台北馥敦
http://www.taipeifullerton.com.tw/
San Want Hotel 神旺大飯店
http://www.sanwant.com/
Brother Hotel 兄弟大飯店
http://www.brotherhotel.com.tw/
The Westin Taipei 六福皇宮
http://www.starwoodhotels.com/westin/property/overview/index.html?propertyID=1191&language=en_US
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