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Priceline Name Your Price Bidding Strategy - tutorial refresher, please?

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Contemplating a last minute car trip Spring Break trip with my college DD to Nashville, TN for a few days in March. As this is unplanned, was thinking of doing the Priceline thing to try to get a 4 star hotel in the Metrocenter or Vanderbilt/West End area.

It's been a couple years since I have used Name Your Price - can someone help me with bidding strategy? Ideally, we would like to try to get the Vanderbilt Marriott which is going for about $180/nt. I used to be an expert at free re-bids, scouting areas, etc. but it's been a while. Any help would be appreciated, thanks!

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