Which hotel will you recommend (budget&location wise) in Nanjing road, Salve hotel or Nanjing hotel?

Firstly, I'd like to tell you that neither of Salvo Hotel nor Nanjing Hotel is budget hotel. And the former is even a fice star hotel with high accommodation price.

To your demand, I recommend Blue Mountain Youth Hostel (the Bund branch) to you. It is location wise and very convenient for shopping. More importantly, it charges much less.