Depends on what you want to do. Downtown has some nice hotels -- the Remington, the Omni, a Courtyard, the Ashton, Etta's Place (B&B), and the Embassy Suites) come to mind. There's a Holiday Inn Express at I-30 and Henderson, a little but farther from downtown proper.
There's a Courtyard (I think) just off of West Seventh next to the park and near the museums. There's a Residence Inn on University and a Courtyard on I-30 just west of University.
Lots of escorts frequent the places around North Beach and 820 -- there are a lot of places to stay there, of varying quality.
There are also a couple of places at Cherry Lane and I-30. I don't remember which chains they belong to, but they're within stumbling distance of Rock's Cabaret -- just don't expect anything more than long-distance entertainment if you go there.
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