We've stayed two years in a row at Seaspray Hotel in the village of Placencia. It's a nice, clean, family run place, RIGHT on the water. You can walk to most places...restaurants, dive shops, etc. from there. We stayed in a nice double, with private bath, for about $25 US per night. Second floor, nice room. There was a cute restaurant, DE Tatch, right next door, but it got blown away in the hurricane. Anyway, I recommend Seaspray. I can find the e-mail address if you're interested.