If you're looking for a nice place off the strip and downtown at a really good price, Cal hotel is for you.
They remodeled a while back and the rooms are pretty nice. The rooms have a flat panel tv and the beds and linen are comfy. They have an outdoor pool in the west tower but not the east. They have adjoining rooms if you want adjoining rooms.
Its downtown and near Fremont street so you can check out the Fremont street experience nearby. You can always drive or catch a taxi to the strip.
It is Hawaiian themed and geared towards Hawaiians. They have a Hawaiian restaurant (cash only) inside too that is good.
We stayed a couple nights (sun and mon) and it was $50 a night.
7/20 - 7/22/08.