Hey Yay! This question is perfect for me.
I book hotel packages for VIPs all day long, it is my job.
So, I'll give you some pointers...
If you are going to Niagara Falls, the best deal is something close to the falls that is still a good lookin' room.
The Ramada Suites is very nice and is located near the Best Western Cairn Croft (which I deal with every day), which are both very nice hotels. If you have a car, this is ok 'cause it is about 2 miles from the falls. And, parking could be difficult.
If I was visiting, I would want something closer, what exact days are you going??? And, I'll check some rates for you.
Also, check out this website:
http://www.wfol.com
It is our Festival of Lights, reminds me of the Osborne one at Disney!