In 2007, we stayed in the Jerusalem Tower hotel in Hillel Street. This big hotel is located fine next to West Jerusalems outgoing places and on short walking distance from the old town. The hotel itself is old but unlike some other old hotels it offers no charm and the rooms are not so clean. Next time, we prefer to stay in a hostel again. And strangely for a big hotel in the middle of West Jerrusalem: no security at all, or at least we didn't notice it. The breakfast buffet was good for dutch standards and ok for Israeli standards. The best thing here is location, and together with the attractive prices they offer, you might consider this place. For us, I think it was the last time.