I wouldn't stay downtown unless you have to -- hotels will be more expensive, and why bother making that extra trip, with the parking and traffic?
If you're looking for something just off of highway 1, I would suggest something in Surrey or Coquitlam. You can probably find something in the $80 to $130 range, depending on what you're looking for. I've stayed at the Sheraton Guildford in Surrey (got a staff discount through my dad) -- it was pretty nice, and would probably stay there again. Check out expedia for more info on hotels in the area; priceline/hotwire if you're looking to save a few bucks...
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