I stayed at the Camelot back when it was the Park Inn and it was very nice. The thing I remember the most was that their 4th floor pool area was an incredible place to watch the fireworks. I normally prefer to watch them inside the park, but if you are too tired or have little ones, its very nice to have the option. In fact, just last night, my kids and I just watched our video we shot from that pool deck back in November of 2004.
Its also very convenient to McDonald's and Mimi's as well as other restaurants that can save you some money over eating in the parks.