HI,
You will certainly get more responses by posting on the Orlando Hotels board, this board is for Universal and Islands of adventure. Contrary to what some people believe, Nick Hotel is not owned or operated by Universal, and in fact is nowhere near Universal, it is VERY close (almost onsite) to WDW.
I have stayed at this hotel, twice when it was just Holiday Inn Family Suites, and once since it became Nick. We really like it, especially now. It is by no means a luxury hotel, but is clean, convenient (in terms of suite layout), super close to WDW and loads of fun. If you are asking should you stay here while going to Universal Parks, I would say no. For the price, you are much better off staying onsite at Universal and getting FOTL access for the parks. If you just want to stay here because the kids are dying to go, then by all means I recommend it. One word of advice: Don't plan ANY parks while staying here, there is so much to do the kids won't want to leave. HTH!