hey it's hollywood, let's revel in our past!
I got a room here through Hotwire for one night for about $130.
Overall for that price on Hollywood BLVD was okay. The rooms are tiny and dark, but the bed comfortable enough and of course has all the regulars you'd expect in any room.
They charge for your coffee, when most hotels will give it for free in the room. So you're looking at about $3 for your morning inroom made cup of coffee (the single serving size) which is a little ridiculous.
Parking is atrocious, as it is only Valet service for $30 a day!! I parked one block over in an all day/night parking lot for $20, and apparently there's a parking garage nearby that may be cheaper, but the traffic was bad and I didn't want to drive around any longer.
The pool looked great, however I didn't have the time to go use it. As someone said you are charged to use the chairs (however I cannot verify that).
Work out room was adequate, and at least it was free.
The location is great, if you are in Hollywood to do all the regular sightseeing.
Overall, the rooms are as basic as a Super 8, Days Inn, or Holiday Inn, and I have noticed they have plenty of deals on booking.com for sometimes under $100. It would be worth it, however if you are paying their regular rates (upwards of $300/night) then there seems like many other options.
The good deals you can find on booking sites are offset by the nickel and dime offerings at this hotel (in room coffee, parking etc).
I first looked at the Hotel Hollywood which seemed like quite a good deal, so check that out.
I was totally unimpressed, but would never say I'd never stay here again if the price hovered around $60 or $80 for a room, but would never pay full price or close to it!
Check around first!