To follow up on njm's post, while the hotel school at Cornell is generally regarded as one of the best in the country, the Statler Hotel itself is really nothing special - I've stayed there, eaten there, and attended a wedding reception there. The rooms at the Statler will easily run over $200 a night (much higher on graduation weekends, etc.), and the quality is that of a run of the mill Hilton or Sheraton. It used to be the only game in town for a nicer hotel, but several new ones have been built in recent years, such as the Hilton Garden Inn downtown, and others up by Triphammer mall that I can't remember the name of.