Thanks, Damo/Keishashadow! I ended up going with the Choice Hotels and we found a Quality Inn for about $58 (total with tax) a night.
This will be a fairly new experience for me, since my mom has always worked at hotels and we always get $39-$49 rates at 3-5 star hotels. I've never stayed at a "motel" and neither does my friend.
As far as the William and Mary suggestion, my friend wanted to wander into a random frat house and find people to befriend us and offer up their dorm floors haha. I wasn't too into that suggestion haha.
Now that we have a hotel, I'm open to suggestions! Best rides/restaurants in Busch Gardens??
Here's our itinerary (in case anyone cares hahah)
Friday, May 16th: Leave NY around 6 a.m. According to MapQuest, it says the drive should be 7 and 1/2 hours, but my friend's father said that it only took about 6 when they drove down 5 years ago. So we'll probably get there between 1 and 3:30, with stops for gas and food. We can check into the hotel at 2 and we were thinking of possibly going to Colonial Williamsburg and walking around? Any other nighttime suggestions for two college age girls in Williamsburg??
Saturday, May 17: Busch Gardens is open from 10 to 10. My friend thinks we'll be able to stay at the park for the entire time

but I'm building into my itinerary that we'll probably need a break. Lunch is always a good time to leave a park, but I've heard such good things about the food there, so I'd like to stay at the park to eat. Maybe we'll leave for dinner and come back. Anyone know how empty it'll be????
Sunday, May 18: Very open plans. Maybe we'll shop, go to outlet malls...any suggestions?? We'll check out at 11 and drive around. We have nothing pressing at night, so it's okay if we don't leave until 5 or so.
Looking for good restaurant suggestions, and things to do on Friday night/Sunday.
Thanks!!