Central to everything, the newly renovated Days Hotel and Conference Centre Toronto Downtown offers affordable rates and is located in the heart of downtown Toronto. You can relax in the indoor heated pool and workout in the fitness room. They also have a nice nonsmoking bar called The Beer Cellar.
We stayed in a hotel room with two queen beds. You could fit four people in there. You can walk from there to any of the downtown attractions such as CN Tower, Skydome, Air Canada Centre, and the Royal Ontario Museum. There are a lot of bars and restaurants in the area, so it's very convenient if you fell hungry at night.