Good location for the centre
After a lot of indecision about where to stay in Lisbon, we eventually plumped for the Hotel Lisboa, just off Avenida da Liberdade. We chose it because it was four-star, but not too expensive, not too large (60 rooms), and within walking distance of the centre. We booked through ebookers.com, and paid 100 euros a night for a double room with breakfast included.
The location was great, an easy stroll down the hill into the city, although it did seem a long way back at night! There were bus stops nearby, including one for the Aerobus to the airport, and the Avenida station on the metro was also close by. As the hotel was just off the Avenida, there was little traffic noise either to keep you awake at night.
Our room was spacious and comfortable, although the bathroom was a bit dated. The public rooms were fine though, and the staff were excellent – very friendly and multi-lingual. Breakfast was buffet style, including bacon and eggs as well as fruit, cereals, bread, ham cheese, croissants etc etc. More than enough to set you up for the day!
The hotel is currently closed for refurbishment, and is due to re-open in April 2008. If we go back to Lisbon, I would certainly stay there again.