I didn't stay there for the longest time because the looks of the place made me think that it was ridiculously expensive. I think $60/night is a pretty good deal considering everything on the property and it's central location. (Though now I would only stay there if I had something to do in Immigration/Consulate as the main reason I go to Cebu is to drink at Mango Ave. and I like to be able to stumble a short distance to get back to a hotel.)
Passport Question Best Posts in Thread: Cebu Hotel Recommendation
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i stay at Elegant Circle Fuente 1100 p has every thing i need 032.2541601
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Not sure if it meets your location requirements, but we thought the Bayfront Cebu was a good value. It's definitely walking distance to the SM City in the port area (although you have to cross a fairly busy road) and a short ride to Ocean Jet ferry. Close to the Radisson Blu (we've stayed there too, it's definitely nicer), but Bayfront Cebu was significantly cheaper. I guess about 7-8 km from the new SM Seaside. Seems to be available now starting in the $35-45 USD range, not sure about the taxes, etc.
Bayfront Hotel Cebu - UPDATED 2017 Reviews & Prices (Cebu Island/Cebu City) - TripAdvisor-
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