The Embassy Suites Niagara Falls is pretty nice. Most rooms overlook the falls, and may have a nice jacuzzi tub that looks directly out to the view. Hotel offers full buffet breakfast and nightly managers reception (with a couple of free drinks) complimentary with room.
Hotel is directly in front of falls, right beside Fallsview Casino, and about a 10 minute walk from the main attractions downtown. I have stayed there for a couple of conferences, and would recommend it. Prices shouldn't be too bad at that time of year.