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Priceline Does Baltimore: Big Deal - or Not?

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I had never used Priceline before. Having read accounts of people getting stuck with hotels that were overrated and in poor locations, I always played it safe and stayed with Hotwire. I've had very good results with them.

My travel plans call for me to be in Baltimore this May on a Saturday night. I want to stay in the Inner Harbor area, so I consulted my friends at Hotwire and they had a 3.5-star property listed for $87. Sounded good to me. Just as my finger started to click the "Buy" button, I heard the familiar voice of William Shatner whisper in my ear: "That's not really a DEAL! Go lower!" So on impulse I went over to Priceline. Captain Kirk wouldn't steer me wrong, would he?

According to Priceline the median price of a 3.5-star room for Inner Harbor is $200/night. Since PL advertises savings up to 60% off, I calculated $80 was probably rock-bottom for this deal. But as I started to type in my bid, that Familiar Voice urged me to "Go lower!" So I went with $70 and pulled the lever of PL's slot machine, fully expecting my "low-ball" bid to be rejected.

But - voila! My screen informed me that I had just purchased one night's lodging at the Sheraton Inner Harbor for $70 plus $18.01 in taxes & fees, WELL within my travel budget! Unsure of what I actually had in hand, I went to Trip Advisor for verification.

According to TA: my purchase is indeed a 3.5-star property; they rank it as #17 of 72 hotels in the Baltimore Area; and it has a Customer Satisfaction rating of 4.0 out of 5.0.
The "List Price" for these accomodations is $169/night, but with my AAA discount it could be had for $153.

So my question for Priceliners & Baltimoreans alike is: How did I do? Could I have gotten the Sheraton or similar lodgings for less? And is this a hotel in a good location?

Comments and suggestions, please.

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