After staying at a shadier hostel (the "backpackers hostel") my friend and I decided to shell out ten or so more bucks each and head to a nicer hotel. Savoy is near Sabana Grande and the Chacaito metro stop, near a large market, and it's not regarded as safe as Altamira but it's east of the center and pretty well located. Many people warned us of danger in the area, but I never had any problems. It's like a nice American hotel (the most valid comparison I can make being American) but more 70sish and cut in half. They don't skimp on staff and service, have internet and a restaurant/bar and pretty good security and alot of taxis a night. I definitely recommend it to those who can't afford the luxury of Altamira but are weary of some of the seedier places.
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Theme: Hotel
Comparison: about average
Prices: US$40-80
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Phone: 58-2-762-1971
Address: 2ND Ave Las Delicias De Sabana Grande Esquino
Directions: Sabana Grande