Elly, I take it back. If you can get the air-con suite deal at Hotel del Rio for $30. You should take it. That's about what that hotel is worth, IMO. However, they do have some suites that have been recently reno'd and so if you are getting one of those, you'll be reasonably pleased I'm sure. It's a ways down the beach to the north from where the action is but there's a real nice view that's not cluttered up with quite as many docks as lots of other places.
If you want to be more by yourself, then it's a good location. If you want to be more where the action is and where you will meet more people regularly, you'll want to be closer to town.