The Chinggis Khan Hotel is the most modern and luxurious hotel. However, many travelers prefer the Tuushin Hotel for its central location on the edge of Sukhbaatar Square. VIP and official visitors often stay at Ikh Tenger, the government guesthouse, which may also offer some rooms to the general public. It is located a few kilometers south of the city in a wooded valley. Other hotels in Ulaanbaatar include the Manduhai, the Jangar, the Grand, the Hashboll, the Zul, and the Altai.
Cash is the general medium of payment in Mongolia.
For those who want to use some other means, the Bayangol Hotel accepts Thomas Cook travelers' checks. The Ulaanbaatar Hotel accepts American Express, Master Card and Visa as well as American Express and Thomas Cook travelers' checks. The Star hotel accepts Master Card, American Express and Visa. Restaurants Ulaanbaatar has a growing number of restaurants, several of which are in major hotels. All restaurants in Ulaanbaatar charge in Togrogs but U.S. dollars are acceptable and will be charged a current rate of the day.