The Hyatt Regency is right in the middle of the action and a block from TheBus stop. See posting #6 for local things re a hotel a block away toward Diamond Head.
http://www.flyertalk.com/forum/hawai...-honolulu.html
As a side comment, unless you take a cab or are a strong walker/knowledgeable bus rider, your Goupons are all in rather inconvenient locations.