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Hotels near Piccadilly, London

I'm going to be in London for one night in September. There's 4 people in my group. I'm looking to stay near the Piccadilly line somewhere between Mayfair and SoHo. I'd also like to stay somewhere between $200-$250 a night per room. Can anyone help me out?

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I stayed at the Gloucestor Millenium hotel in Kensington several years ago. Very comfortable hotel and only a couple of minutes walk to the Gloucester Road tube, which from memory, is on the Piccadilly Line. Their rates fall within your budget.