The Stephen F. is nice. Its a great location and the rooms are pretty nice, but on the small side (at least the standard room is). Of course, there is always the Driskill:

http://www.driskillhotel.com/


I used to stay at the Stephen F., but have now decided its worth paying extra for the Four Seasons. However, a friend is encouraging me to check out the Hotel San Jose. He says it is quite nice... Its located in the S. Congress area which is a great part of town.

http://www.sanjosehotel.com/