Hyatt just bought out Amerisuites and is converting all of these suite hotels into a contemporary concept called Hyatt Place. We stayed at one of the first ones to open in Old Town Scottsdale. It was a bargain at $109 a night. The rooms have gone a full transformation including granite countertops and other decorative improvements along with a 42" plasma HDTV. Our room was setup much like a loft and included the super comfortable Hyatt Grand Bed. For the price, this hotel was great. They offer 24 hour dining and free breakfast.
They were still working the kinks out with service being a little spotty. Also, it is near a couple clubs so try and get a room away from the noise if possible. It did not bother us, but I could see it being a potential problem. Also, if you want a cab, you have to specify that you want them to call a cab. Otherwise, they will call a towncar from Hyatt Gainey Ranch to come get you and charge you twice the price.