If it's the Best Western on Franklin, I would not recommend it as a place to stay if you're planning to walk to the Walk of Fame, the subway, etc. While it's an "okay" walk during the day, it is a very nervous walk after dark. It is also quite trafficky in the area if you have kids with you.
If budget doesn't allow for the Renaissance or the Roosevelt, (or the Universal Hilton or Sheraton just a quick subway ride from Hollywood) I would consider any of the following before the Best Western on Franklin.
First choice would be the Magic Hotel.
Second would be the Orchid Suites but not in their older/ regular rooms...only in their one or two bedroom renovated "suites"(more like apts actually).
Third choice would probably be Comfort Suites on Highland, Holiday Inn on Highland, or Days Inn on Sunset Boulevard. All of these would require a walk of a long block-and-a-half up or down to Hollywood and Highland, but it is a much more pleasant walk then from the Best Western on Franklin.
Last choices but still acceptable would be the other Best Western (on Highland)....or HotelCelebrity.com, just know that these are budget choices and don't expect the Ritz. These hotels are considered generally quite safe and clean but lacking in amenities.
For ANY Hollywood hotels, you should look at pictures of the area, be prepared for lots of crowds including groups of rocker teens at times.......and know before you go that this is Hollywood U.S.A, this ain't Mayberry RFD or Beverly Hills 90210! .