... in response to Novotel question, posted by Burt on May 22, 2002$180 a night for two nights, that's $360. So you save the $35 from and to the airport, so now the hotel's value is $290 for the two nights (or $145 average per night). But nothing really great to see or do so close to the airport and I think you will be spending time, about 45 minutes each way, traveling to the center from Novotel.
Your options,...flats about 20 minutes from the center, $50.  Flats in the center, $85 to $120.
Hotels,....several hotels in the center, $175 to $250 a night (Marriots, Hiltons, etc.) and several flats in the center for $80 to $100. Hotels further from the center $70 to $170.
To me there is not a better location hotel than the Hotel Rossia. 3.5 minutes walk to St. Basil's (Red Square). The cost per night at the Rossia, $80. Or at the opposite end of Red Square from Rossia, on Tverskaya Street (across the street from the old Intourist Hotel), 5 minutes walk to Red Square, you can get a nice two bedroom flat for $85 a night (if it is available during your stay).
I enjoyed the Hotel Rossia. It's not nearly as fancy as many other places but I just needed a place to sleep. And as I would always give the floor ladies a gift, I never had any problems with having guest come to my room.
A few of many other options,...
Grand Hotel Mariott,    m. Mayakovskaya     173$    211$
Natsional, m Ohotniy Ryad (Krasnaya sq.)    169$    236$
Golden Ring,   m. Smolenskaya               132$    160$
Savoy, m. Kusnetskiy                        187$    206$
Sheraton Palace Hotel , m. Relorusskaya     182$    205$
Mezdunarodnaya,   m. Krasnopresnenskaya     121$    143$
Airostar,  m.Airoport                       160$    170$
President, m. Oktyabrskaya                  126$    154$
Iris,   m.  Petrovsko-Rasumovskaya          126$    150$
Marko Polo Presnya, m. Mayakovskaya         121$    167$
East-West,  m. Tvers                        115$    170$
Renessance Moskva,  m. Kievskaya            155$    180$
Mariott Tverskaya, m. Relorusskaya          151$    176$
Radisson Slavyanskaya,  m. Kievskaya        110$    136$
Budapesht  Petrovskiye Liniyi               70$     100$
Ukraina Kievskaya                           60$     70$
Or Burt, go to www.hotels.msk.ru/moscow/hotall.asp  to look at and compare other hotels.
Burt, in my opinion I am not sure I would stay at Novotel. I think you will be better off in the center. If you prefer a flat over a hotel just holler.