Party of 5 travelling to Interlaken Switzerland. Anyone one know of a budget place to stay that is in walking distance of the train station and other places of interest?

What do you mean by budget - a specific number in francs.

And who are the 5 people - 3 small kids so you can possibly stay in 1 family room? Or teens/adults so you will need more than one room?

(I travel to Swiss all the time on business and must say that I find it - for everything - much more expensive than NYC.)

5 adults, no more than us$1400 for entire stay (4nights)

You want accommodations sleeping 5 adults for less than $350/300CHF?? You are going to need either two to three rooms so your budget is quite low.

http://www.vrbo.com/vacation-rentals...and/interlaken

Try "Sunny Days ". We stayed there 10 years ago. It's a B&B and is reasonable for Switzerland. Very nice.
www.sunnydays.ch/

The Bernerhof..across the street from Interlaken West

I second the recommendation for www.sunnydays.ch/
They have a suite and rental flat that may work for you. We stayed there a few years back. Great breakfast and good accomodations.

Thanks for the suggestions will look into it.