yes, Samir, it's good for you to book the room first, and besides "inn of youth", motel is also a good choice,
the price are also reasonable, and Motel 168 on Ningbo Road is near the Bund. Here's the phone bumber: +86 021 63168168
here's the webiste:http://www.motel168.com/002ls.htm
There're many tourist attractions around such as: People's Square, Yu Garden, Nanjing Road, etc.