The opinion of someone who stayed at PPH one November and then HoJo the next. ....
PPH doesn't get you in the bubble like DLH does, but DLH is waaaayyy more expensive, so that's out of the question for someone concerned about spending too much. PPH felt sorta Disney, but so does the HoJo when you're in the Superior room and have a park view. Both hotels you have to cross a busy street to get to the parks. The difference would be PPH you get to walk either through the Grand Cali or past DLH and through DD. That part is nice. Walking through DD back to your hotel at night is sooooo much better than walking either past all the hotels or pass a rugged bus stop. Both have water features, though PPH is more geared for older kids while HoJo caters to the 10 and under crowd. Neither have free breakfast. HoJo has free parking while PPH makes you pay $17/day. PPH has a character meal while HoJo has a Mimi's next to it - not quite as magical. Elevators are great at HoJo - not so much at PPH.
Bottom line: We're staying at the HoJo again this November....unless our APs can get us pricing at PPH within $40/night (an extra $350 for the trip, $500 with parking added in). Not likely, but at that point, it might be worth it to us. Might be. That's still a lot of money just so I walk through DD on my way home at night.